IMPORTANT UPDATES:

-The Odds of the Federal Reserve raising interest rates next week surge to 64% after PPI comes in higher than expected.

-White House Official Patrick Witt warns Congress is running out of time to pass the Crypto Clarity Act.

-Brent Crude Oil surges 5% to $108, highest level since May.

-Saudi Arabia oil production falls to lowest level in 36 years.

-Senate Republicans release updated version of the crypto Clarity Act following August recess negotiations.

-U.S lawmakers consider requiring "kill switches" to shut down AI systems if they become too dangerous.