Odaily Planet Daily News According to financial website Forexlive, analyst Adam Button stated that the market's pricing for a Fed rate cut has dropped from 106 basis points before the release of CPI data to 103 basis points. This is a slightly hawkish reaction, indicating that the market has priced in more downside surprises. However, the unrounded inflation number is better than the overall number. (Golden Ten)
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Forexlive: Market pricing for Fed rate cuts has dropped to 103 basis points
Odaily Planet Daily News According to financial website Forexlive, analyst Adam Button stated that the market's pricing for a Fed rate cut has dropped from 106 basis points before the release of CPI data to 103 basis points. This is a slightly hawkish reaction, indicating that the market has priced in more downside surprises. However, the unrounded inflation number is better than the overall number. (Golden Ten)