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 ZeroHedge: Core Consumer Prices Hit New Record High – Up For 50th Straight Month READ MORE Unemployment Data Hints at Gradual Economic Shift READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE Fuel Demand Bolsters Oil Prices Despite Mixed Market Outlook READ MORE Add a Comment Cancel replyYour email address will not be published.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