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Fed Rate Hike Fight· Day 2

US Inflation Pressures Fed

August inflation stayed high, keeping pressure on the Fed to consider another rate hike.

September 11, 2026 · Updated Sep 11, 6:58pm ET

18%

Left · 5

57%

Center · 16

25%

Right · 7

Pano rates the coverage Balanced.

What happened

U.S. consumer prices rose 3.4% in August from a year earlier, unchanged from July, while the Consumer Price Index increased 0.4% from July as gasoline and other energy costs kept pressure on household budgets. The Sept. 11 report strengthened market expectations that Fed Chair Kevin Warsh and policymakers will raise interest rates next week, with fed-funds futures pricing odds at about 86%, up from about 72% a day earlier. Treasury yields stayed near multiyear highs, while U.S. stocks rebounded as oil prices eased, with the Dow up about 500 points.

Fed Rate Hike Fight

Storyline →
  1. Sep 17Kevin Warsh Defies Donald TrumpLeans Right
  2. Sep 16Fed Raises RatesBalanced
  3. Sep 15Federal Reserve Eyes Rate HikeMostly Center
  4. Sep 11US Inflation Pressures Fed (this story)Balanced
  5. Sep 10US Producer Prices RiseMostly Center

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