Written by Weekly Prep Team · Editor · 2 Aug 2026
The Fed held but three of its own officials voted to hike, and futures now price roughly an 81% chance of a September increase against zero for a cut, which makes this an inflation week more than a jobs week: Monday's ISM prices paid and Friday's average hourly earnings move the September call more per unit of surprise than the payroll headline does. Volatility should be moderate early and high into Friday's payrolls.
