"Market Rate Cut Expectations Shift to September Amid Accelerating Inflation"
TL;DR Summary
March's consumer price index report revealed higher-than-expected inflation, dashing market hopes for multiple rate cuts by the Federal Reserve. The CPI rose 3.5% from a year ago, exceeding the Fed's 2% target, leading to a market sell-off and pushing rate cut expectations to September. Traders now see only a slim chance of a cut at the June meeting and have priced in a 2% probability of no cuts in 2024. The Fed is now in a holding position, with the market worried about the possibility of no cuts this year.
Topics:business#consumer-price-index#federal-reserve#financeeconomy#inflation#market-expectations#rate-cuts
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