
The Fed is split 9 to 3. September hike: 60% hold, 40% hike. A pure coin flip.
The July CPI just dropped this morning. Annual inflation: 3.4%. Still way above the Fed's 2% target.
Three Fed members voted to hike rates immediately — they lost 9 to 3. Now everything depends on today's number.
If CPI beats 3.4%:
- Credit card rates break records
- 30-year mortgages stay brutally high
- Bitcoin drops toward $62,400
- Bank of America calls for 3 full hikes before December
The 10-year Treasury yield is already at 4.69% — draining cash from tech stocks.
Hike or hold in September? What's your call?