The money market expects the Fed to cut interest rates three times by 25 basis points this year, and the expectation has shifted more dovish.

Odaily Planet Daily News The U.S. Bureau of Labor Statistics will release the consumer price index (CPI) report for February at 20:30 tonight. Economists predict that after a significant pump in January, inflation in the United States last month may still be at a high level, further proving that the Fed’s progress in controlling prices has stalled. Cooling inflation data may enhance traders’ bets on a Fed rate cut. The currency market currently expects three 25 basis point rate cuts this year, compared to two rate cuts fully priced in a week ago, signaling a more dovish market outlook. (FX168)