Traders are closely watching US inflation data for clues on the Federal Reserve's rate path. Despite hot CPI numbers, traders still anticipate a rate cut in June. Wells Fargo has revised its prediction, now expecting the Fed to start cutting rates in June instead of May.
Wells Fargo pushes back Fed rate-cut expectation to June from May https://t.co/dy9Cew3QOW https://t.co/6rjm9bUw3x
⚠️ WELLS FARGO PUSHES BACK ITS EXPECTATION OF FIRST FED RATE CUT TO JUNE Full Story → https://t.co/91Rpii9QVp Wells Fargo on Wednesday said that it expects the U.S. Federal Reserve to start cutting interest rates in June, compared to its earlier expectation of a cut in May. https://t.co/2nlhQtwnQ1
WELLS FARGO NOW EXPECTS US FED TO START CUTTING RATES IN JUNE VERSUS MAY EXPECTED EARLIER
🔴 WELLS FARGO NOW EXPECTS THE FED TO START CUTTING RATES IN JUNE VS MAY EXPECTED EARLIER.
Fed seen on hold until June, with rate-cut pace in focus. #Fed #InterestRates #FOMC https://t.co/NtlI0HDVSk
Traders still hanging on to a June rate cut even after CPI comes in surprisingly hot https://t.co/nAFoPQed7S https://t.co/2GXK163oR8
TRADERS STILL SEE JUNE AS MOST LIKELY START OF FED RATE CUTS AFTER INFLATION DATA
🔴 TRADERS TO WATCH CPI FOR CLUES ON THE FED'S RATE PATH - US MARKET WRAP https://t.co/PCCzRgxKXL