The PPI data for August in the United States showed mixed performance, and the market is betting on the Federal Reserve raising interest rates in October

The US PPI annual rate for August recorded 2.4%, while the core PPI monthly rate recorded 0.2%. After the data was released, the market expected the Federal Reserve to raise interest rates in October. Federal Reserve Chairman Kevin Walsh stated last month that if policymakers cannot be confident that underlying inflation trends are improving, the Fed still has work to do. Federal Reserve officials are cautious about next week's interest rate decision, as the rise in oil prices complicates the outlook. (Source: Jin Shi)