Futures traders bet on a Federal Reserve rate cut in June, as PCE data meets expectations.
After the inflation data in January met expectations, futures traders continued to bet that the Federal Reserve will restart interest rate cuts in June. They believe the likelihood of a second rate cut in September is higher than that of no rate cut at all. Data shows that the Personal Consumption Expenditures (PCE) price index fell from 2.6% in December to 2.5% last month, while the core PCE index dropped to 2.6%.
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CryptoNews24
· 02-28 14:13
According to BlockBeats, on February 28, trademark attorney Josh Gerben reported that the Trump Organization has applied for the trademark "TRUMP" to launch a metaverse and NFT trading platform.
Futures traders bet on a Federal Reserve rate cut in June, as PCE data meets expectations.
After the inflation data in January met expectations, futures traders continued to bet that the Federal Reserve will restart interest rate cuts in June. They believe the likelihood of a second rate cut in September is higher than that of no rate cut at all. Data shows that the Personal Consumption Expenditures (PCE) price index fell from 2.6% in December to 2.5% last month, while the core PCE index dropped to 2.6%.