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#OutcomesOnOrbit Market's pricing three outcomes for September: 25bps hike at 81¢, no change at 21¢, and a cut at... 1¢. A rate cut is basically off the table entirely. That's the real story this week not whether the Fed moves, but how completely "lower rates" got priced out. Hot PPI, oil staying elevated through the midterms, and here we are. My call Yes on the hike. Four days to find out. Where's your XP going?