Fed Rate Hike Odds Surge Ahead of Friday CPI Report — SkimNews

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- The Federal Reserve's likelihood of raising interest rates next week just increased substantially, per CNBC's lead headline on the story
- Friday's CPI inflation report is unusually consequential this cycle, and even a tiny shift in the inflation rate could determine whether the Fed hikes or holds, per WSJ
Why it matters: Friday's CPI print is effectively the Fed's decision trigger — a single inflation outcome will likely settle the rate-hike debate before the meeting even begins. Rate-sensitive sectors like mortgages, credit, and small-business lending now face a binary outcome tied to one data release tomorrow.
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