The Chances of a Federal Reserve Rate Hike Are Surging. Here's What It Means for the Stock Market.

Interest rates in some parts of the economy were already rising in anticipation of the news. When the Bureau of Labor Statistics confirmed on Friday that the United States' consumer inflation rate was indeed a lofty 3.4% in August, those rates edged even higher. The Federal Reserve now has little choice but to attempt to curb this inflation, and soon. That's what the market is suggesting anyway. Based on recent pricing and trading activity of Fed Funds Rate futures, the CME's FedWatch report indicates a 90.3% chance the baseline interest rate will be raised by a quarter point this Wednesday. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.