Interest rate futures prices pointed to a 65% chance of a rate cut at the U.S. central bank’s mid-September meeting, up from less than 60% before the report.
Inflation in the United States resumed its upward trend in March, reaching 2.7% year-on-year, compared to the 2.5% recorded in February, but remained stable compared to the previous month at 0.3%, according to the PCE index – preferred by the Federal Reserve (Fed) -, released on Friday.
Depositphotos
Traders increased bets that the United States Federal Reserve will apply in September first interest rate cut this yearafter a government report on Friday showed that inflation advanced last month in line with expectations.
The content you want to access is exclusive to subscribers.
to subscribe I am already subscribed
Interest rate futures prices pointed to a 65% chance of a rate cut at the U.S. central bank’s mid-September meeting, up from less than 60% before the report.
The report showed that the personal consumption expenditure (PCE) price index rose 0.3% last month compared to February.
Inflation in the US rises again in March to 2.7% year-on-year (PCE index)
Inflation in the United States resumed its upward trend in March, reaching 2.7% year-on-year, compared to the 2.5% recorded in February, but remained stable compared to the previous month at 0.3%, according to the PCE index – preferred by the Federal Reserve (Fed) -, released on Friday.
The report from the US Department of Commerce also indicated that household income registered stronger growth in March than in February, 0.5% compared to 0.3%. However, the increase in spending was 0.8%, the same as the previous month.
