Last week's inflation data show potential pipeline inflation risks, raising the Fed rate-hike odds. Meanwhile, the FOMC decides on Wednesday. On Thursday, US August Headline PPI showed a 0.4% MoM increase, lifting the annual rate to 5.4% YoY. On Friday, US August Consumer Prices was printed at 0.4% MoM, leaving annual inflation at 3.4%. The decision and statement are released on 16 September 2026 at 18:00 GMT, followed by the press conference at 18:30 GMT. If the Fed does raise rates, it will be the first increase since July 2023. Three policy makers already voted to hike in July, and sticky inflation reading give them more to work with. It would mark a turn after a year of holds, and a move that could send shockwaves across markets. Gold, the US dollar, and index futures tend to move fastest in the first minutes after the release. Do you expect the Fed to hold or hike? 👇
Not enough history yet to show a trend.