Rate hike odds jump to ~90% for next week's Fed meeting after back-to-back inflation reports

Traders repriced the Federal Reserve after back-to-back inflation reports, pushing the implied probability of a rate increase at next Wednesday's meeting from roughly a coin flip to about 90%, with crude above $100 cited as a driver. UBS separately told clients it expects a 25bp hike on September 16 and another quarter-point increase in December.

Detected & updated continuously · Source: Nebula