Hot US Aug CPI seen cementing aggressive FOMC

"The data was far stronger than expected. Particularly worrisome is the fact that core inflation came in almost double estimates. This is going to put the idea of transitory inflation to bed for now and anchor U.S. yields and the dollar substantially higher. The key thing here is that we're now looking at near-certain odds on a 75 basis point move next week, but also potentially a 50 basis point or higher move in November." Read Karl Schamotta's comments in this YahooFinance article.