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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.


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.