15:I[66739,["/_next/static/chunks/0kktebtcs1htf.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/00yc4h63rurg4.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/01b21njbdx~~m.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/0kn25ki6~d.3~.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/166.u_60qj09..js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/0g9_wl34k-6l4.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/0~r4f.cjjsl~b.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj"],"default"] 17:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_Ct5wqLjgUVXDJkiVhBEnamGRG9Mj"],"IconMark"] 16:T534,

Ed Siddell breaks down the hotter-than-expected CPI print, arguing that energy rather than monetary supply is driving inflation as Treasury yields climb. He explains how elevated diesel prices and refining bottlenecks are feeding costs throughout the economy. Siddell expects the Fed to hold rates steady in October but sees a potential December hike still on the table.

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Hot CPI, Surging Energy Costs & the Fed’s Next Move

Schwab Network

Hot CPI, Surging Energy Costs & the Fed’s Next Move