Markets think the odds of a Fed rate cut in July are almost 50% after April CPI showed inflation cooling more than expected
Inflation in April continued to come down from peak levels, and that's driving up anticipation that the Federal Reserve will move quickly to cut interest rates. . 30-day fed fund futures contracts are used to monitor what investors foresee as the potential next steps by the central bank's rate-setting committee. The increased odds followed the government's report Wednesday that thein April annually.
as inflation remains above their 2% target. The Fed funds rate at 5%-5.25% stands at the highest since 2007.
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