September rate hike a coin toss, but hikes are coming
US CPI data for July seem unlikely to swing the balance on the FOMC one way or the other, so developments around the Strait of Hormuz and the US August price data are likely to be key. For now, we think the odds of a September hike are ~50/50.
This publication has been resent due to an issue with the original distribution.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.