SANTANDER STILL SEES SEPTEMBER FED HIKE July CPI is unlikely to decide the Fed’s September move, according to Santander’s Stephen Stanley. Unrounded core CPI rose 0.215% M/M, equivalent to a 2.6% annualized pace. Despite the broadly in-line inflation report, Stanley continues to expect the Fed to raise rates in September, followed by another hike in December.(*Walter Bloomberg)