Published Sep 11, 2026, 3:17 PM ET · Updated 2 months ago · 1 source

Higher-than-expected core CPI and rising energy prices increase Fed hike odds

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Original Report

The August core CPI came in higher than expected at 0.3%, pushing Fed hike odds for September above 85%, while Brent and WTI crude are near $100 a barrel and diesel prices have exceeded $6 a gallon, indicating severe energy-driven inflation that could impact various economic sectors.