The Fed is likely to cut rates in September and December, and traders are firming up their bets after the CPI data was released

According to PANews, Jinshi reported that after the release of CPI data, traders firmed up their bets that the Federal Reserve will cut interest rates in September and December. Analyst Chris Anstey commented on the US CPI data, saying that the month-on-month increase in the core CPI was in line with expectations, and the overall increase was slightly lower than expected. He further pointed out that after seeing these preliminary data, the Federal Reserve may be relieved that they can still claim that the process of falling inflation is underway.