Market Anticipates Federal Reserve Rate Cuts Following U.S. CPI Data Release

According to BlockBeats, following the release of U.S. Consumer Price Index (CPI) data, market expectations have shifted towards a cumulative 77 basis points rate cut by the Federal Reserve over the next year. By December, it is anticipated that the rate cuts will total 48 basis points. Previously, the market had expected a 67 basis points reduction over the next year, with a 42 basis points cut by December. Traders have increased their bets on the Federal Reserve implementing two rate cuts this year.