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CPI Data Fuels Rate-Cut Bets as Fed Officials Urge Caution
US inflation eased, boosting expectations for rate cuts, but Federal Reserve officials signalled that policy easing may still be some distance away. US inflation data released Tuesday strengthened expectations for earlier interest-rate cuts, after core CPI slowed to its lowest level since March 2021. Markets responded quickly, with the probability of an April rate cut rising to around 42%, though June remains the most widely anticipated timing for the first reduction. Despite
Jan 192 min read
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