Money markets expect the Fed to cut interest rates by 25 basis points three times this year, and expectations have become more dovish

Odaily Planet Daily News: The U.S. Bureau of Labor Statistics will release the February Consumer Price Index (CPI) report at 20:30 tonight. Economists predict that after a sharp rise in January, U.S. inflation may still be high last month, which will further prove that the Fed's progress in curbing prices has stagnated. Cooling inflation data may strengthen traders' bets on the Fed to cut interest rates. Currently, the money market expects three 25 basis point rate cuts this year. Compared with the two rate cuts that were fully priced in a week ago, market expectations have become more dovish. (Jinshi)