US interest rate futures on Friday increased the likelihood of Federal Reserve rate cuts in June, following a report showing that inflation rose less than expected in January.Federal funds rate futures, which measure the cost of unsecured lending between banks, estimate a nearly 70% chance that the Fed will resume interest rates at its June […]
Asian shares opened, modest after US shares have set a new high, lifted by data that underline the economic force before the favorite price meter of the Federal Reserve that owed on Friday. The shares opened lower in Japan and Australia while South Korea climbed. Oil fell by 0.6% after obtaining the previous session on […]