U.S. stocks rebounded Friday after August Consumer Price Index data exceeded expectations, strengthening expectations for a 25-basis-point Federal Reserve rate increase at its Sept. 16 meeting. The S&P 500 rose 0.9%, while the Dow Jones Industrial Average and Nasdaq each gained about 1%, though all three indexes remained lower for the week. CICC said the data reached a threshold for renewed tightening and forecast a possible federal funds target range of 3.75% to 4%. Wall Street economists subsequently raised their August core PCE forecasts toward the high 0.20% range, with several banks projecting 0.30% or higher and Barclays lifting its estimate to 0.25% from 0.22%.