Fed rate cut may be delayed until July, CPI data higher than expected
According to the Jin10 report, Art Hogan, chief market strategist of B Riley Wealth, said that the CPI, both overall and core, both on a monthly and annual basis, is higher than expected. That's enough to delay the first rate cut by at least a month, possibly to July, amid debate over when and whether the Fed will cut rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month
Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.
CME Group: BrokerTec EU market is now open for trading, all other markets remain suspended
Trending news
MoreCrypto prices
More
