Should the Fed hike rates if inflation is largely an energy shock?

A market brief dated September 15, 2026, describe sentiment as cautious and puts the probability of a Fed rate hike on September 16 at 90%. Separately, a real estate broker questions whether a hike would be a policy mistake, saying some economists view the latest inflation spike as largely an energy shock. The broker argues that higher rates would curb demand without producing more oil, and notes that a Fed hike does not automatically mean mortgage rates rise. He says he is watching the 10-year Treasury.