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Traders keep bets on June for first Fed rate cut after inflation data 

(Reuters) – Federal Reserve policymakers are still seen starting interest-rate cuts in June, even as a government report showed consumer prices rose last month more than expected, based on prices of futures contracts that settle to the U.S. central bank’s policy rate. 

And though the 3.2% rise in the February consumer price index versus a year earlier was a slight acceleration from the 3.1% increase in January, traders actually added to bets that the policy rate will end the year a full percentage point lower than its current  5.25%-5.5% range. 


Source: Economy - investing.com

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