US Inflation Exceeds Expectations, Fed to Raise Interest Rates

US inflation data exceeded expectations, increasing the probability of a Fed interest rate hike to over 85%. Major banks such as HSBC, Goldman Sachs, and JPMorgan expect a 25 basis point rate hike at the September 15-16 FOMC meeting, with the interest rate rising to 3.75-4%. HSBC forecasts a second rate hike in October or December, with the policy rate remaining at 4-4.25% throughout 2027. The US economy's resilience is expected to continue, with no rapid reversal to interest rate cuts anticipated.