August's Consumer Price Index report showed elevated inflation on September 11, 2026, driving trader expectations of a 0.25% Federal Reserve rate increase at the next week's meeting to 90%, up from 72% on Thursday. The strong jobs report reinforced rate hike bets.
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The print was enough to raise chances of a quarter-point Fed rate increase next week to nearly 86% from 72% on Thursday, according to the CME FedWatch tool.
The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.