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A Federal Reserve interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report on Wednesday, according to updated market pricing.
“The Fed will see January’s hot inflation print as confirmation that price pressures continue to bubble beneath the economy’s surface,” Bill Adams, chief economist at Comerica, wrote in commentary that echoed others around Wall Street. “That will reinforce the Fed’s inclination to at least slow and possibly even end rate cuts in 2025.” – CNBC
