#EOSProject Market sentiment rises after inflation data comes in line with expectations.

🔥 Traders in the US interest rate futures market on Wednesday priced in a near 50% chance that the Federal Reserve will cut interest rates twice before the end of this year, with the first cut expected in June.

🚫 Prior to the report, interest rate futures were expecting a single quarter-point cut this year, and not before June

🔥 The shift in US interest rate expectations came after new inflation data in December showed that US consumer prices rose in line with expectations, while core consumer prices slowed compared to expectations and the previous reading.