Traders on Friday raised bets that the Federal Reserve will make a first interest rate cut in September, after a U.S. Commerce Department report showed inflation may have made little progress toward its target. by the US central bank by 2% last month.
Following the report, which showed the core PCE index rose 0.2% in April from the previous month, investors priced in a roughly 51% chance of a rate cut in September, up from around 49% before intercourse. Economists had expected the core PCE index to rise 0.3% in April.
Source: Terra
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