Higher-than-expected inflation makes rate cuts less urgent
Edited By WION Video Desk
Published: Jan 12, 2024, 05:05 IST | Updated: Jan 12, 2024, 05:05 IST
Sticky U.S. Inflation data has reduced the chances of an early federal reserve rate cut. The data has, in turn, raised an important question: has the inflation genie still not completely been put back into its bottle? Hotter-than-anticipated U.S. Consumer Price Index (CPI) data on Thursday tempered bets on a FED rate cut in March.
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