US markets indicate ‘two-in-three chance’ of rate cuts

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CommSec’s Tom Piotrowski says there is currently a “two in three chance” the US Federal Reserve will cut interest rates from the markets’ perspective.

“That’s interesting because on Friday we get some really important inflation numbers in the United States,” Mr Piotrowski told Sky News Australia.

He noted the data will either “add to the case” of rate cuts for 2024 or challenge it.

“So that’s why we will be ending the week on a very interesting note.”

Presented by CommSec.

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