The probability of the Federal Reserve cutting interest rates in April rises to 42%, with traders increasing their bets

According to Jin Ten, on Tuesday, traders increased their bets that the Federal Reserve may not wait until Chairman Powell's term ends in May to cut interest rates. Previously, the U.S. Bureau of Labor Statistics reported that the core consumer price increase was slightly below expectations. According to the latest data forecasts, the probability of a rate cut by the Federal Reserve in April is about 42%, up from 38% before the data was released.