Fed's Rate Hike on Thin Ice as Consumer Sentiment Craters

Federal Reserve rate hike odds surged past 90% after August inflation data showed prices rising 3.4% annually, but the real shocker was consumer sentiment plunging to its second-lowest level on record as households brace for more pain.

Trade Routes

• Consumer Confidence: University of Michigan index hit 47.8 in September, down 7.5% from August — the second-worst reading since 1952
• Inflation Expectations: One-year inflation outlook jumped to 4.6%, highest...