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The Fed's September rate decision lands Sept 16 at 18:00 UTC. August PPI rose 5.4% YoY and CPI rose 0.4% MoM, with energy prices and long-end yields elevated. Goldman Sachs and others shifted from hold to a 25bps hike. Political pushback is building: Trump said the US should have the world's lowest rates; White House advisor Hassett sees no case for hiking. If the Fed holds, markets will watch how it explains the inflation-policy gap. The debate extends beyond 'hike or hold' to the rate path.