After data showed inflation higher than expected, the bet on a Fed rate cut in June has almost disappeared, and even the outlook for July looks more unstable. Traders have also solidified their expectations that the Fed will only cut rates twice this year, while the Fed's dot plot expects three rate cuts.
Fed rate cut bets disappear in June, and only two cuts this year
![](https://public.bnbstatic.com/image/pgc/202303/b79ad6e3d66b98bb791352b3abb6de2c.jpg)
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