Tuesday, April 17, 2007

US RATE FUTURES-Focus on late-year Fed cuts after CPI

(Reuters) - CHICAGO, April 17 - U.S. short-term interest rate futures rose on Tuesday after U.S. core consumer prices in March rose less than expected, raising hopes in the market that inflation pressures may have peaked.

Still, most of the market's response came in deferred contracts, suggesting it will be several months before Federal Reserve policy-makers feel comfortable enough with the inflation outlook to think about cutting rates.


Read more at Reuters.com Bonds News

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