The Odds for a Summertime Rate Cut Are Dwindling
Posted on AllSides April 11th, 2024
From The Left
What inflation means for the Fed and Biden U.S. inflation jitters are being felt around the world this morning, after the latest Consumer Price Index report showed inflation ticked up for a third straight month. The dollar spiked overnight and traders slashed their bets on when — or whether — the Fed would cut interest rates this year. Such uncertainty could last for months and complicate President Biden’s bid for a second term. Traders this morning were pricing in less than two rate cuts for 2024 — down from more...
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