CPI "Moving the Needle" on Interest Rates, Chance of Starting Hike Cycle

By Schwab Network

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Friday's CPI showing a slightly hot core number raised expectations for an interest rate between 85% to 90% in September, according to Collin Martin (@CharlesSchwab). If inflation remains stays stubborn, he makes the case the next hike will likely begin a hiking cycle. Alexandra Semenova turns to the "psychological levels" she believes lingers over investors, including crude oil prices hovering around $100. While the inflation picture remains heavy, she points to notable resiliency in stocks. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Wat