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Fed seen on track for rate cuts in Sept, Oct after CPI data

ReutersMay 14, 2025 12:36 AM

May 13 (Reuters) - Traders on Tuesday leaned into bets the Federal Reserve will not start cutting interest rates until September after a government report showed consumer prices increased less than expected last month.

Financial markets after the report reflected expectations for the Fed to deliver just two quarter-point reductions by year's end, with the second one arriving in October.

Reviewed byJane Zhang
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