Markets Signal They're Ready for a Rate Hike. Is Warsh?

Friday’s latest inflation data looked to be hot enough to push the Fed to raise interest rates at its policy meeting next week. The Bureau of Labor Statistics reported that headline inflation did not cool in August, with price growth rising 0.4% on the month and keeping annual growth at 3.4%—the same pace as July. Core CPI rose 0.3% on the month, a bit stronger than anticipated.