According to Odaily, Forexlive analyst Adam Button noted that market expectations for a Federal Reserve rate cut have decreased from 106 basis points to 103 basis points following the release of the Consumer Price Index (CPI) data. This slight hawkish reaction indicates that the market has priced in more downside surprises. Despite this, the unrounded inflation figures are better than the overall numbers.
Market Reaction to Fed Rate Cut Expectations Shows Slight Hawkish Shift
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