[Brandon Brown: Divergence in Fed's September Rate Hike Expectations, Inflation Data is Key] Analyst Brandon Brown stated that the market is pricing in approximately 15 basis points for a rate hike at the Federal Reserve's September meeting. Fed Governor Waller emphasized that the next round of inflation data will determine voting positions, with market expectations for a September rate hike close to 50/50. The Federal Reserve Board may see differing opinions if inflation data remains moderate and no action is taken. The threshold for maintaining rates or supporting a hike hinges on whether the month-over-month increase in core PCE reaches around 0.25%. The market expects the cumulative rate hike by mid-2027 to slightly exceed 60 basis points, but in the short term, the number of rate hikes is unlikely to exceed three. (Source: Jin10)