The market bets that the probability of the Federal Reserve raising interest rates next week has risen to around 70%.

According to foreign media reports, the market has increased its bets on the Federal Reserve raising interest rates at next week's meeting. Earlier, the first key inflation report of the week showed that U.S. producer prices rose by 5.4% in the 12 months ending in August. Before the release of this report, the market expected about a 65% probability that the Federal Reserve would raise interest rates by 25 basis points at the September 15–16 meeting. According to the CME's federal funds futures contract prices, the market now estimates that this probability has risen to about 70%.