April CPI Tops Estimates, Fed Rate Cut Bets Collapse to Near Zero
U.S. April CPI rose 3.8% year-over-year, topping forecasts and pushing markets to price a 97.6% chance the Fed holds rates in June.
U.S. April CPI rose 3.8% year-over-year, topping forecasts and pushing markets to price a 97.6% chance the Fed holds rates in June.