The August CPI Report Seals a September Fed Interest Rate Hike
he consumer price index rose 0.4 percent with core up 0.3 percent. The Fed will hike.
Source: Mish Talk
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DW NOTE
The Fed held rates at 3.65% through two months of a de facto Hormuz blockade that stripped 4% from global oil supply. Now CPI ticks up 0.4% in a single month and the consensus calls it a hike signal. Central banks don't tighten into supply shocks — they watch them pass through the price level, then decide if the second-order effects warrant action.