Traders Increase Bets on 2+ Fed Cuts in 2025 After CPI Report

-0.17%

-0.19%

-0.20%

-0.07%

-0.14%

S&P 500 INDEX SPX	5702.71	-0.17%
NASDAQ IXIC	17865.34	-0.19%
Dow Jones Industrial Average DJI	42368.67	-0.20%
ETF-S&P 500 SPY	568.16	-0.07%
PowerShares QQQ Trust,Series 1 QQQ	483.68	-0.14%

Following the release of the CPI report, US short-term interest rate futures narrowed their earlier losses.

Traders still expect the Federal Reserve to resume rate cuts in June and have increased their bets on at least two rate cuts by the Fed this year.

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