Federal Reserve's response to inflation
Market expectations indicate a low probability of a 16% chance that the US Federal Reserve will raise interest rates this month, compared to a 92% likelihood in December. Investors are awaiting the release of personal consumption expenditure (PCE) data, which the committee relies on to assess inflation and the 2% target. Meanwhile, the International Monetary Fund (IMF) expects the European Central Bank to raise interest rates by at least 25 basis points during this year to combat inflationary pressures.
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