Fed minutes show most policymakers still see another hike as likely appropriate by year-end, and all backed the 25bp move to 3.75%-4%. Inflation is still elevated while the labor market looks near ful

What happened: A hot PPI reading prompted economists to say the Fed's work is not done, with one Fedwatcher warning of real risks the Fed will deliver another rate hike in two weeks' time. Why it matters: The reaction signals expectations that the Fed may tighten again at its next meeting rather than pause. Key numbers: another rate hike in two weeks' time.

Hot PPI signals Fed may need further rate hikes, driving macro uncertainty.

Hot PPI signals Fed may need further rate hikes, driving macro uncertainty. — impact context not separately stored; see What changed.