Hello Reader, Core Inflation Looks Fine. Gas Prices Are Doing All the Work. Rates have sat at 3.50% to 3.75% all year. This is the first meeting where a hike is actually the base case, and two prints last week are why. Thursday's producer prices came in at 0.4% for the month, in line, but the annual number jumped to 5.4% against 5.3% expected. Energy alone was up 4.2% on the month and diesel jumped 24.1%. Core PPI, which strips food and energy out, actually came in soft at 0.2%. Hike odds...