After the release of PPI data, the probability of a Fed rate hike in September rose to 70%.

BlockBeats news, September 10th, following the release of PPI data, the market has increased its bets on a Fed rate hike at next week's meeting. The first key inflation report of the week previously released showed that U.S. producer prices rose 5.4% in the 12 months through August. Prior to this report, the market estimated about a 65% probability that the Fed would raise rates by 25 basis points at its September 15-16 meeting. According to the price of federal funds futures contracts on the Chicago Mercantile Exchange (CME), the market now expects this probability to have risen to about 70%. (Jinshi)