# US inflation stayed hot in August, boosting odds of a rate hike — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/50be69aa84da644e

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-09-11 14:21 ingested 2026-09-12 02:58

[original source ↗](https://www.semafor.com/article/09/11/2026/us-inflation-stayed-hot-in-august-boosting-odds-of-a-rate-hike)

## retained text



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US inflation remained stubbornly hot in August, adding to pressure on the Federal Reserve to hike interest rates next week.
The consumer price index rose 3.4% year-over-year, according to the Bureau of Labor Statistics, jumping 0.4% from the month prior. Gasoline drove more than one-third of that monthly increase, as the Iran war continues to roil global oil markets.
The CPI, along with a stronger-than-expected jobs report this month, has traders of the Fed funds future rate betting on a rate hike: Chances of a 0.25-point hike rose by more than 13 percentage points Friday morning, according to CME Fedwatch. “The Federal Reserve’s hands are tied,” a chief investment officer told The Wall Street Journal. “A rate hike next week is all but assured.”
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document fetched 2026-09-12 02:58 · canonical https://semafor.com/article/09/11/2026/us-inflation-stayed-hot-in-august-boosting-odds-of-a-rate-hike