Currency Markets Hold Steady as Traders Eye U.S. Inflation Data Currency markets stabilized on Monday as traders anticipated upcoming U.S. inflation data, which could influence the Federal Reserve’s decisions on potential rate cuts in 2024. Following recent weak U.S. labor market results and the Fed’s decision against further rate hikes, expectations for easing have increased, with markets predicting about an 80% likelihood of a rate cut by September and a total reduction of around 40 basis points for next year, according to LSEG data. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Consumer Sentiment Gap Raises Recession Fears READ MORE Summer Oil Spike Looms, Morgan Stanley Strategist Alerts READ MORE From Hawkish to Hesitant: BOJ's Rate Hike Sparks Market Meltdown READ MORE Fidelity's Macro Guru Sees Bitcoin Reaching $6 Trillion Valuation READ MORE Gold Nears Record Close as Global Uncertainties Fuel Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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