Economy

Fed Rate Hike Pause Likely as CPI Data Indicates Lower Inflation

The Federal Reserve's interest-rate hike campaign may be nearing its end, as U.S. consumer inflation data for April showed a slightly lower increase than anticipated. This indicates that the Fed is progressing in its efforts to combat price pressures.

, and Uzay Erol

May 10, 2023 . 1:06 PM

1 min read

Traders Predict June Pause in Rate Hikes

Following the Labor Department's release, futures tied to the Fed's policy rate increased, reflecting an almost 90% likelihood of rates remaining at their current 5%-5.25% in June. Before the report, traders had estimated an 80% chance of pausing rate hikes for June.