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(Reuters) – Merchants of interest-rate futures on Wednesday had been pricing near even odds the Federal Reserve will reduce rates of interest twice by the tip of this yr, with the primary discount to return in June.
Authorities knowledge confirmed shopper costs rose 2.9% within the 12 months by means of December, in step with economists’ expectations. Earlier than the report, interest-rate futures had been pricing a single quarter-point interest-rate reduce this yr, no earlier than June.
