The decision to increase rates may hinge on a few hundredths of a percent of a single month's inflation data.

The Fed faces a critical rate decision as inflation hits 3.7% and jobs surge. Will policymakers hike rates at the September 15-16 meeting?

Fed's Warsh signals potential rate hike amid inflation concerns. Rate cut in next three decisions at 0.1% YES, rate hike at 62.5% YES.