After the CPI was released, the market reduced its bets on the Fed rate hike.

BlockBeats News, June 10th, following the release of the CPI data, short-term interest rate futures indicate that the market has reduced its expectations of a Fed rate hike.

According to the CME FedWatch Tool, the probability of the Fed keeping interest rates unchanged at this month's FOMC meeting is 98.2%. By the end of the year, the likelihood of a Fed rate hike has decreased to 68.5%.