CPI "Moving the Needle" on Interest Rates, Chance of Starting Hike Cycle

A slightly hotter-than-expected core CPI reading lifted market-implied odds of a September interest-rate hike to 85%-90%, according to Charles Schwab's Collin Martin. Martin warned that if inflation remains stubborn, the next rate increase could mark the beginning of a broader hiking cycle, creating a more restrictive monetary-policy outlook.