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Hot inflation reading reinforces the Fed's cautious approach to rate cuts in 2024
Summary
Nutrition label
84% Informative
Markets are now pricing in a nearly 80% chance the Fed cuts rates in June , dialing back previous bets the central bank would begin cutting rates in May .
The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January .
The core figure is still double the Fed 's target of 2% ..
VR Score
92
Informative language
95
Neutral language
69
Article tone
formal
Language
English
Language complexity
42
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links