U.S. CPI rose 3.4% year-on-year in April Data shows #The probability of the Federal Reserve cutting interest rates in September is about 68%

Reprinted from: CCTV Finance On the 15th local time, data released by the U.S. Department of Labor showed that the U.S. Consumer Price Index (CPI) rose by 3.4% year-on-year and 0.3% month-on-month in April, in line with market expectations.

Reprinted from: CCTV Finance On the 15th local time, data released by the U.S. Department of Labor showed that the U.S. Consumer Price Index (CPI) in April rose by 3.4% year-on-year and 0.3% month-on-month. In line with market expectations.
The U.S. CPI data for April is closely watched by the market because it will provide an important reference for the Federal Reserve\’s next monetary policy direction.
Federal Reserve Chairman Powell recently stated publicly that he would maintain high interest rates for a longer period of time to wait for more signs of cooling inflation.
The latest data from the CME Group\’s FedWatch Tool shows that market traders currently expect the probability of the Federal Reserve to cut interest rates in September this year to be about 68%.
(CCTV reporter Zhang Manman)

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