Traders Increase Bets on April Fed Rate Cut Amid Inflation Data

According to PANews, traders have intensified their bets that the Federal Reserve might lower interest rates before Fed Chair Jerome Powell's term ends in May. This shift follows a report from the U.S. Bureau of Labor Statistics indicating that core consumer prices rose slightly less than anticipated. While traders still consider a rate cut in June as the most likely outcome, the probability of an April rate cut has increased to approximately 42%, up from 38% before the data release.