Hotter US Core CPI Lifts Odds of a September Fed Hike Above 85%

August CPI rose 0.4% m/m while core advanced 0.3% m/m versus a 0.2% forecast; gasoline contributed over one‑third of the monthly move. Fed funds futures (CME FedWatch) pushed implied odds of a 25 bp hike on 16 September into the 85–91% range as front‑end Treasury yields climbed.