The probability of a Fed rate cut in April rises to 42%, with traders increasing their bets
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ChainCatcher news, according to Golden Ten Data, on Tuesday, traders increased their bets that the Federal Reserve may not wait until Chairman Powell's term ends in May before cutting interest rates. Previously, the U.S. Bureau of Labor Statistics reported that core consumer prices rose slightly less than expected. According to the latest data forecasts, the probability of a Fed rate cut in April is about 42%, up from 38% before the data release.
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