Rate-Hike Consensus Solidifies: After August CPI came in at 3.4% year-over-year — hotter than expected — TD Securities now expects three 25 basis-point rate hikes, not one. The FOMC meets Sept 15-16 with markets fully pricing in the first move.
Dollar Strength: Sticky inflation above 3% and a hawkish Fed tilt keep the greenback in demand. Rising short-term rates and surging energy costs anchor capital in U.S. dollar assets.
