US Federal Reserve News Today: Rate Cut Bets Surge After Weak US CPI

The recent release of weaker-than-expected US consumer price index (CPI) data has reignited speculation on a potential rate cut by the Federal Reserve. This development has increased US rate cut expectations and sent ripples across global markets, including a significant impact on the Hong Kong stock market. Investors are now debating whether the Federal Reserve will adjust its policy sooner than anticipated, fueling a wave of optimism and caution across financial landscapes.