Traders keep bets on June for first Fed rate cut after inflation data

March 12 (Reuters) - Federal Reserve policymakers are still seen starting interest-rate cuts in June, even as a government report showed consumer prices rose last month more than expected, based on prices of futures contracts that settle to the U.S. central bank's policy rate.

And though the 3.2% rise in the February consumer price index versus a year earlier was a slight acceleration from the 3.1% increase in January, traders actually added to bets that the policy rate will end the year a full percentage point lower than its current 5.25%-5.5% range.

The day's top news in your inbox. We cover the world, from front lines to boardrooms. (This includes the Reuters Weekend Briefing.) Sign up here.

Reporting by Ann Saphir; Editing by Alex Richardson

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Traders keep bets on June for first Fed rate cut after inflation data

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio