[CME FedWatch: Probability of Fed Rate Hike in September Rises to 57%] Odaily Planet Daily News - The CME FedWatch tool shows that the probability of the Federal Reserve raising interest rates by 25 basis points at the Federal Open Market Committee (FOMC) meeting on September 16 has risen to 57%, which would bring the target rate range to 3.75%-4%. The probability of maintaining the current range of 3.5%-3.75% is 43%. On August 21, the probability of a rate hike was 39.9%, but it rose to 57% after the Jackson Hole speech on August 28, with market bets on a rate cut in September essentially disappearing. Polymarket data shows a 52% probability of the federal funds rate remaining unchanged and a 48% probability of a rate hike, with related trading volume exceeding $66.6 million. Kalshi data indicates probabilities of 52% for no change in rates and 48% for a rate hike, with related trading volume exceeding $23.8 million. Federal Reserve Chairman Kevin Warsh stated during his speech at the Jackson Hole Economic Policy Symposium that the Fed will adhere to its 2% Personal Consumption Expenditures (PCE) price index inflation target, emphasizing that its commitment is to discipline rather than specific decisions. Data shows the 12-month PCE inflation rate is at 3.7%, while the 6-month reading is at 4.1%. (Bitcoin.com News)