Inflation risks, rate hike odds, and leverage threats: inside the Fed’s dilemma and how to protect your portfolio today.

The consumer price index rose 0.4% in August and 3.4% year-over-year, matching forecasts but keeping inflation well above the Fed's 2% target

Market sentiment on the Fed's next move has flipped dramatically in just one month, and inflation data released this morning may have sealed the deal before traders even had time…