Next Week's CPI Will Influence the Fed's Rate Hike Decision

On September 4, Ryan Weldon, a portfolio manager at IFM Investors, stated that the non-farm payroll data for August will shift the focus of the Federal Reserve and the market to next week's inflation data, potentially providing the Fed with more room for rate hikes. If inflation does not show a significant decline, the Fed will need to take action to maintain the market credibility gained by Waller's hawkish remarks made at Jackson Hole.

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