After the release of PCE data, traders continue to bet on the Fed's June interest rate cut

According to a report by JinShi, futures contract traders continue to bet that the Federal Reserve will restart interest rate cuts in June, as data shows that inflation rose in January as expected. They still believe that the possibility of a second interest rate cut in September is greater than not cutting at all. The data shows that the annual rate of personal consumption expenditure price index decreased from 2.6% in December to 2.5% in the previous month, and the core PCE index dropped to 2.6%.