Miner Company
Expectations for the next Fed rate cut get pushed back after hot inflation report
A hotter-than-expected wholesale inflation reading for February had traders contemplating the possibility that the Federal Reserve won't be lowering interest rates at all this year. Chances for a December reduction stood at 60.5%, indicating that traders are leaning toward a cut, though with a relatively low level of conviction.
A hotter-than-expected wholesale inflation reading for February had traders contemplating the possibility that the Federal Reserve won't be lowering interest rates at all this year. Chances for a December reduction stood at 60.5%, indicating that traders are leaning toward a cut, though with a relatively low level of conviction.