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US Core Inflation Annual Rate Hits 4Yrs Low; Mkt Slightly Adds Bets on Fed Rate Cut in Apr
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US December inflation came in at 2.7%, in line with street consensus, while core inflation hiked 0.2% YoY, slightly below expectations. On an annualized basis, it rose by 2.6% YoY, notching the lowest in four years. Interest rate futures suggested that the market has increased its expectations for the Federal Reserve to cut rates in advance in April this year, with the probability rising from 38% to about 40%, Reuters reported. However, the market still broadly expects the Fed not to cut rates until June this year, by which time the current chairman, Jerome Powell, will have stepped down. AASTOCKS Financial News Website: www.aastocks.com |
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