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2026-02-13 23:56:02
[US January Inflation Data Misses Expectations, Interest Rate Futures Show Increased Probability of Fed Rate Cut in June] US January inflation data came in below expectations, prompting the interest rate futures market to revise its probability of a Fed rate cut in June. Federal funds rate futures show the probability of a Fed rate cut in June has risen to nearly 70%, up from 64% before the data release; the market still expects rates to remain unchanged at the March meeting. After the data release, interest rate futures implied a 64 basis point rate cut by the Fed this year, up from 58 basis points previously. US January CPI rose 0.2% month-on-month, lower than the expected 0.3%, with the previous value confirmed at 0.3%; core CPI rose 0.3% month-on-month, with the previous value confirmed at 0.2%.
