Traders Increase Bets on September Fed Rate Cut Following Inflation Report Traders are increasingly betting on the U.S. Federal Reserve initiating its first interest rate cut of the year in September, following a recent government inflation report. This report, which indicated that the U.S. personal consumption expenditures (PCE) price index rose by 0.3% from February to March, has influenced interest rate futures prices. These now suggest a 65% probability of a rate cut during the Fed’s mid-September meeting, a noticeable increase from the previous likelihood of less than 60%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC: Why Gold Prices Continue to Break Records READ MORE Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister READ MORE Talent Exodus Under John Williams Sparks Concerns at New York Fed READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Oil Prices Continue to Drop as US Crude Stockpiles Surge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment