Traders bet Fed’s next rate cut will wait until June

1738332314114512t2gn87kzv48451

(Reuters) – Traders on Friday kept bets that the Federal Reserve will wait until June to resume interest rate cuts, after government data showed inflation by the U.S. central bank’s targeted measure ticked up to 2.6% in

US inflation rises in December; consumer spending accelerates

17383323125406567sioj54fwj919050

WASHINGTON (Reuters) -U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.3% last month