After the CPI is released, market odds of one Fed rate cut this year have increased.
BlockBeats News, April 10th: After the release of the US March CPI data, market pricing shows that the market's bet on a Fed rate cut within the year has increased. (Xinhua News Agency)
The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.