Traders continue to bet that the Federal Reserve will cut interest rates in June after PCE data is released
Futures contract traders continue to bet that the Federal Reserve will resume interest rate cuts in June, as data shows that inflation rose in January in line with expectations, Internet reported. They still believe a second rate cut in September is more likely than no rate cut. Data showed that the annual rate of the personal consumption expenditure price index fell to 2.5% last month from 2.6% in December, and the core PCE index fell to 2.6%.
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