US Inflation Concerns Push Interest Rate Cut Timeline to September

Market speculation surrounding US inflation is impacting predictions for interest rate cuts. A projected 0.3% rise in April’s core inflation is influencing expectations, potentially delaying a Fed decision until September. This shift, according to analyst Chris Turner of ING Group, may maintain the strength of the US dollar, potentially impacting currency markets and other financial sectors. Turner believes stable inflation rates could lead to sustained USD strength, further delaying interest rate cuts. 0.3% projected April core inflation could influence this change in the near future.