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August CPI came in hotter than expected, complicating the Fed's policy path.

REUTERS/Lucas Jackson

  • The latest inflation report showed prices accelerated more than expected in August.
  • The CPI rose by 3.7% year-over-year in August, above the 3.6% consensus estimate. 
  • CME's FedWatch Tool showed markets are giving about 40% probability of another rate hike in November, and no hike in September. 

Inflation didn't cool as expected last month, and it's still well above the Federal Reserve's 2% target.

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Markets, mi-exclusive, Markets, Inflation, CPI, august-cpi, federal-reserve, Fed, rate-hikes, interest-rates, Policy, jerome-powell, fed-rate-hikes, FOMC, macroeconomic-policy, financial-markets, Investors, fed-watch, cme
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