After the release of the PCE data, traders continue to bet on a rate cut by the Federal Reserve in June

ChainCatcher news, according to Jinshi reports, futures contract traders continue to bet that the Federal Reserve will restart rate cuts in June, as data shows that January inflation rose as expected.

They still believe that the likelihood of a second rate cut in September is greater than that of no rate cut. Data shows that the year-on-year Personal Consumption Expenditures Price Index fell from 2.6% in December to 2.5% last month, while the core PCE index decreased to 2.6%.