Inflation Data May Have Closed the Door on a Bigger Rate Cut Next Week
Economy And Jobs,Inflation Rate,Interest Rates
From the Center
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Traders now think it is much less likely that the Federal Reserve will cut rates by 0.5 percentage point next week, following Wednesday’s hotter-than-expected core monthly inflation reading.
Interest-rate futures suggest the chance of a larger-than-normal rate cut next week is now around 15%, according to CME Group, down from 34% Tuesday.
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