Markets Expect 125 bps of FED Rate Cuts in 2024 as PCE Inflation Slows


The employment data seems to have lost importance for USD traders now, as the FED made it clear that they will start cutting rates early next year. However, the market is still sensitive to inflation data, particularly the CPI (Consumer Price Index) report and the PCE core inflation numbers, which showed a further decline this week, sending FED rate cut odds higher and the USD lower.



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