Inflation persisted in August, potentially locking in a Fed interest rate hike [CNBC]Odds for a hike jumped to nearly 90%, according to the CME Group’s FedWatch tracker of fed funds futures prices.“There’s no guarantee that the Fed will hike next week, but it’s hard to see how the central bank can justify leaving rates on hold,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management.Scott Bessent fails to break ‘fever’ in US bond market [FT]Scott Bessent's bid to steady...
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