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Probability of Fed Rate Cut in April Rises to 42% After CPI Release
Summary: Following the release of the CPI, traders have increased their bets on the Federal Reserve cutting interest rates in April. This comes after a report from the US Bureau of Labor Statistics showed that consumer price increases were slightly lower than expected. While traders still believe a rate cut in June is the most likely ...
Following the release of the CPI, traders have increased their bets on the Federal Reserve cutting interest rates in April. This comes after a report from the US Bureau of Labor Statistics showed that consumer price increases were slightly lower than expected. While traders still believe a rate cut in June is the most likely outcome, the latest data predicts a 42% probability of a rate cut in April, up from 38% before the data release.
