Fed's September Hike on the Table as Inflation Lingers and Jobs Weaken

The Federal Reserve's policy calculus shifted dramatically this week, with Governor Christopher Waller signaling a September rate hike is now on the table if August inflation data shows continued progress. Markets are recalibrating as the central bank moves from a "hold unless data justifies a hike" to a "hike unless data justifies a pause" stance.

Trade Routes

• Fed Governor Waller: At a Reuters event, Waller stated he'd lean toward a September rate hike if the August CPI...