"Market Anticipates Fed Rate Cut in September"

Traders are betting that the Federal Reserve will hold off on cutting interest rates until September, following a report showing stronger-than-expected inflation for the third consecutive month. The likelihood of a rate cut in June has decreased, with a first quarter-point interest rate cut now expected at the September meeting, and possibly one more by the end of the year. Some analysts still consider a July rate cut possible, but the previous expectation of three rate cuts this year has shifted.