> ## Content Index > Fetch the complete content index at: https://elitemarketpoint.ghost.io/llms.txt > Use this file to discover other available public pages before exploring further. # The Market Called Off the September Rate Hike. It Just Moved to December. - URL: https://elitemarketpoint.ghost.io/the-market-called-off-the-september-rate-hike-it-just-moved-to-december/ - Published: 2026-08-13T10:30:38.000Z - Updated: 2026-08-13T10:30:38.000Z - Author: Elite Market Point Desk Inflation landed exactly on target and the market called off the September hike. It didn’t vanish. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ★ ELITE MARKET POINT Market Intelligence That Moves With You PPI Day The Rate Hike Didn’t Die Yesterday. It Moved to December. July inflation landed dead on target, and Wall Street priced the September hike out. It didn’t vanish. Futures just slid it to December, at 73% odds. It’s Thursday. PPI prints at 8:30, the last big inflation read before the Fed goes quiet. Here’s what actually changed yesterday, and what didn’t. Key Idea Yesterday’s CPI matched every forecast and cooled core inflation to a four-year low. The market cheered and priced out the September hike. But the hike didn’t disappear. It moved to December, where futures now put it at 73%. Our Partners ![](https://storage.ghost.io/c/cd/72/cd720730-8467-4281-8a14-248c5b1846e1/content/images/2026/08/Screenshot-2026-08-13-at-11.30.23.png) Everyone’s hunting for the next Unicorn. The type of “category disruptor” that grows fast and turns early believers into big winners. 60,000+ investors think that [Mode Mobile](https://offers.elitemarketpoint.com/ModeMobile?ref=elitemarketpoint.ghost.io) could be one of those rare finds. Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With [$1B+ earned by over 490M customers](https://offers.elitemarketpoint.com/ModeMobile?ref=elitemarketpoint.ghost.io) and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets. Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share with up to 20% bonus, exclusive to early investors. Being early is everything, and this window is still open. [\>> Review the offer before it closes](https://offers.elitemarketpoint.com/ModeMobile?ref=elitemarketpoint.ghost.io) Disclaimers \*Please read the offering circular and related risks at invest.modemobile.com. Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. What Landed Start with what landed. Consumer prices rose 0.1% in July, and 3.4% over the year. Core inflation, which strips out food and gas, rose 0.2%. Every figure hit consensus exactly. That never happens. After a spring of wild energy swings, July was boring. Dead-on boring. Core cooled to 2.5% for the year, the slowest pace since 2021\. So the disinflation story, prices rising more slowly, is still intact. The market’s reaction told the rest. The S&P popped to a new intraday high in the minutes after the number. Then it faded, closing just shy of last week’s record. The relief lasted about an afternoon. The Hike Moved, It Didn’t Die But look closer at what the bond market did. Traders didn’t cancel the rate hike. They rescheduled it. Before the report, September was a coin toss. After it, futures put the odds of the Fed holding in September at 60%. So the hike everyone feared for next month is mostly off the table. Here’s what the celebration missed. Those odds didn’t vanish. They migrated. Futures now price a 73% chance of a hike by December. October sits above 53%. Sit with that number. December is now a higher-odds hike than September ever was. The tightening didn’t leave the board. It slid three months down the calendar. Your relief is a scheduling change. PPI Is Today’s Tell Now today. Producer prices print at 8:30\. That’s wholesale inflation, what companies pay before they pass it on to you. It matters more than usual, because it feeds core PCE, the Fed’s single favorite inflation gauge. Economists expect PPI up 0.2%. Soft, and the pause the market built yesterday holds. Hot, and the officials who already want to hike get fresh ammunition. Beth Hammack, one of the three who dissented for a hike last month, speaks publicly today. So does her colleague Tom Barkin. And don’t let the word ‘cooling’ fool your wallet. Inflation is running 3.4%. Your raises are running 3.2%. You’re still losing ground, just slightly slower. Gas alone costs a quarter more than it did a year ago. What Changed 2.5% Core CPI, coolest since 2021 60% Odds Fed holds in September 73% December hike odds, where it moved +24.6% Gasoline, past 12 months What the Rally Missed The market treated a deferred hike like a cancelled one. It isn’t. December now carries a 73% chance of a hike, higher odds than September ever held. The tightening risk didn’t leave when CPI cooled. It moved to a later date. A rally built on relief is only as safe as the calendar it forgot to check. Three Ways PPI Breaks Base PPI prints 0.2%, in line. It confirms the pause the market built yesterday. September stays off the table, December stays the base case for the next hike. The S&P climbs back to challenge its 7,757 record and drifts. Hold quality: Nvidia (NVDA), the AI chip leader, and Microsoft (MSFT), the cloud giant. Room to run, no urgency. Upside PPI comes in at 0.1% or softer. Because it feeds core PCE, a soft print eases even the December odds. Yields fall and the S&P clears its record toward Fundstrat’s 8,000 call. Chips and small caps lead: the semiconductor ETF (SOXX) and the Russell 2000 (IWM). SpaceX (SPCX), Musk’s rocket company, extends its run. Risk PPI prints 0.4% or hotter, with oil back above $83 feeding the pipeline. Wholesale heat flows straight into the Fed’s favorite gauge, and the hike debate the three dissenters started roars back. December firms toward a lock, and October, already above 53%, pulls forward. The 30-year pushes toward 5.4%. Expect a 2 to 3% S&P pullback today and tomorrow. The relief rally already faded Wednesday afternoon on exactly this fear. Trim the richest names. Hide in the energy ETF (XLE) and short-duration bonds. Our View We told you yesterday that two crowds were betting opposite ways, and one would be wrong. Turns out both were. The number split the difference and landed dead center. Here’s what matters now. The relief is real, but it’s narrow. The hike didn’t leave the board yesterday. It slid to December. And today’s PPI feeds the one gauge the Fed trusts most. So don’t confuse deferred with gone. If you added risk on yesterday’s pop, keep a hedge on through 8:30\. This is the last inflation read before the Fed goes quiet ahead of its September meeting. The hike didn’t die. It just got a later date. Trade the calendar you actually have, not the one the rally wished for.