All eyes will be on the August CPI report, which is expected to show a 0.1% decrease in headline inflation on a monthly basis, according to estimates from Dow Jones. The report is one of the last pieces of data the Federal Reserve will see ahead of their Sept. 20-21 meeting, where they’re expected to deliver their third consecutive 0.75 percentage point interest rate hike to tamp down inflation. The recent relief rally in stocks is likely another bear market bounce and investors should position for more choppiness ahead, Wells Fargo says. The September Federal Reserve meeting is likely already priced into the market, meaning that assets may not move much if that is the central bank’s decision to hike rates by 0.25 percentage point. . . .
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