After the CPI release, the probability of the Federal Reserve cutting interest rates in April increased to 42%

BlockBeats News, January 13 — According to Reuters, on Tuesday, traders increased their bets that the Federal Reserve might not wait until after Fed Chair Powell’s term ends in May to cut interest rates, as the previous U.S. Labor Department report showed that core consumer prices rose slightly less than expected.

Although traders still believe that a June rate cut is the most likely outcome, the latest data forecast suggests that the probability of a rate cut in April by the Federal Reserve is about 42%, up from 38% before the data release.