(Bloomberg) Wall Street’s last holdouts for a US interest-rate cut in July are preparing for their clearest sign yet on whether they — or traders in the market — are correct about the likely path of Federal Reserve monetary policy.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansVietnam Tycoon Sentenced to Death Faces New Charges: MediaBillionaire-Friendly Modi Humbled by Indians Who Make $
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The CPI print keeps the possibility of the Fed cutting rates at least once this year, potentially at least two rate cuts if the data continues to point to a trend of inflation falling further, said Jeff Lipton, a research analyst and market strategist.
Euro zone bond yields hit
one-month lows on Thursday as bonds around the world were helped
by U.S. data a day earlier that showed inflation eased slightly
in April. The data supports.