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S&P 500 up, strong inflation data firms rate-hike bets

Traders priced an 88% chance of a September increase as the core consumer price index rose 0.3% and oil gains added pressure.

Strong consumer price data reinforced expectations the Fed will raise interest rates to fight inflation, as oil prices fell and Wall Street ended higher.

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Gold Edges Lower as Hot US Inflation Bolsters Fed Rate-Hike Bets

Gold edged lower, after hotter-than-expected US inflation data raised prospects that the Federal Reserve will hike interest rates later this week.

·New Delhi, India
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Around 7:30 AM on September 14th, Vietnam time, the spot gold price fell 0.2% to $4,339.96 per ounce, marking its third consecutive weekly decline. Gold prices were pressured by inflation and expectations of a Fed interest rate hike. Gold was heading for a consecutive weekly decline ahead of the US release of inflation data. Gold fell more than 1% due to rising US inflation and escalating oil prices.

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The West Australian broke the news in Osborne Park, Australia on Sunday, September 13, 2026.
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