The annual rate of US CPI hit a six-month high, and the possibility of the Fed cutting interest rates in June decreased
The annual rate of US unadjusted CPI in March was 3.5%, higher than the expected level of 3.4%, the highest level since September 2023.
The US CPI was higher than expected, and spot gold fell by $16 in the short term, now at $2,333 per ounce.
After the March CPI data, the swap market showed that the possibility of the Fed cutting interest rates in June decreased. (Jinshi)
