After the release of CPI, the probability of the Federal Reserve cutting interest rates in April rose to 42%.

According to reports, on Tuesday, traders increased their bets, believing that the Federal Reserve may not wait until the end of Federal Reserve Chairman Powell's term in May to cut interest rates, as the previous report from the US Bureau of Labor Statistics showed that the increase in core consumer prices was slightly lower than expected. Although traders still believe that a rate cut in June is the most likely outcome, according to the latest data, the probability of a rate cut in April by the Federal Reserve is around 42%, higher than the 38% before the data was released.