Fed September Rate Hike Odds at 66%: CME FedWatch

TREE NEWS update: As of August 31, CME FedWatch shows a 66% probability that the Fed will raise rates by 25 basis points in September, bringing the target range to 3.75%-4.00%. Fed Chair Kevin Warsh emphasized controlling inflation, with PCE at 3.7% year-over-year. Barclays expects two more hikes this year, totaling 50 basis points.