Futures traders linked to the Federal Reserve interest rate increased bets on Thursday (12) that the US central bank will further slow its pace of interest rate hikes at its next meeting, after a government report showed that inflation in the United States eased last month.
Fed interest rate futures rose after the US Department of Labor reported that consumer prices fell last month, reflecting a near 85% probability that the Fed will raise rates by just 0.25 percentage points in its next meeting, between January 31st and February 1st, against only a 15% chance of another 0.5 pp increase
Traders have also increased bets that the Fed will stop rate hikes with the rate just below 5% in June. The current range is 4.25% to 4.5%.
Source: CNN Brasil
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