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Good morning. Stocks were on pace to snap a four-day losing streak on Friday as oil prices fell and a key monthly inflation print came in higher than analyst estimates.
Investor bets on higher chances of a Federal Reserve rate hike after August's Consumer Price Index reading, with Polymarket odds rising to 81% ahead of Fed policymakers' meeting next week.
Stripping out volatile food and energy prices, the Consumer Price Index rose 0.3% month over month, compared with expectations for 0.2%, according to data released Friday.
The 2-year yield rose 4 basis points during the session to 4.59%, signaling that markets expect Fed policymakers to raise rates.