
Fed Rate Hike Decision Hinges on July CPI as Oil Surges 21%
The Federal Reserve's September interest rate decision hangs on inflation data released Wednesday, with markets pricing 11 basis points of tightening after July payrolls fell by 23,000. Five inflation reports will land before policymakers vote at the Sept. 15-16 FOMC meeting. July CPI arrives Aug. 12, followed by PPI on...








