Inflation Data May Have Closed the Door on a Bigger Rate Cut Next Week
Posted on AllSides September 12th, 2024
From The Center
Traders now think it is much less likely that the Federal Reserve will cut rates by 0.5 percentage point next week, following Wednesday’s hotter-than-expected core monthly inflation reading.
Interest-rate futures suggest the chance of a larger-than-normal rate cut next week is now around 15%, according to CME Group, down from 34% Tuesday.
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