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FTSE 100 Live 10 April: Hot US inflation reading dashes FTSE record hopes

by News Room
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He says: “These monthly readings will have dashed any remaining hopes of a Fed rate cut as early as May, as yearly CPI still sits firmly above the FOMC’s 2% target and has been heading in the wrong direction for the past few months. There had been hopes that today’s report would show the hot CPI figures from January and February were anomalous, but while that has not been the case, this recent uptick in inflation could just be a bump and we could see it begin to lower once more in the coming months.

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