[TD Securities gave up the forecast of holding steady and now expects the Federal Reserve to raise interest rates a total of three times starting in September] September 11th, TD Securities strategists said on Friday that they expected the Federal Reserve to launch the first of three interest rate hikes in this round in September. Their previous forecast was that the central bank would remain on hold for the rest of 2026. Strategists including Oscar Munoz and Gennadiy Goldberg wrote in a research report released on Friday: "We expect a total of three interest rate hikes in this cycle, with the last two hikes in October and January next year. The Fed may not provide forward-looking guidance, but the dot plot should be hawkish." This adjustment in expectations occurred after the U.S. August CPI released on Friday was higher than expected. The data prompted traders to raise expectations for a near-term interest rate hike by the Federal Reserve. "After August's CPI showed a lack of progress in inflation, we expect the Fed to start a rate hike cycle in September," the strategists wrote in a report.