[Market Bets on October Rate Hike After PPI Data Release, Adding Uncertainty to Next Week's Fed Meeting] Jin10 News, September 10 – Data shows that the U.S. August PPI year-over-year came in at 2.4%, higher than the market expectation of 5.3%, while the August core PPI month-over-month recorded 0.2%, lower than the market expectation of 0.3%. This sends mixed signals as Federal Reserve officials debate whether to raise rates next week. Following the release of the PPI data, the market fully expects the Fed to hike rates in October. This PPI report was published one day before the latest CPI data, which is expected to show relatively moderate so-called core inflation. Some Fed officials have hinted that the rate decision at the September 15-16 meeting may depend on the insights revealed by this week's reports. Federal Reserve Chair Walsh stated in a speech last month that if policymakers cannot be confident that underlying inflation trends are significantly improving, the Fed "still has work to do." Amid ongoing hostilities between the U.S. and Iran, rising oil prices could further complicate the outlook.