Markets think the odds of a Fed rate cut in July are almost 50% after April CPI showed inflation cooling more than expected

Markets think the odds of a Fed rate cut in July are almost 50% after April CPI showed inflation cooling more than expected

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AP Photo/Andrew Harnik Inflation in April increased by less than anticipated, spurring further bets the Federal Reserve will start rate cuts this summer. Odds of a cut in July rose to 45.9% on Wednesday from 29.3% a day earlier. Traders see the Fed pausing its aggressive rate-hike campaign in…

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