Fed funds futures traders see higher likelihood of six or seven rate cuts in 2024, despite hotter-than-expected December CPI

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December CPI report: Dow Jones, S&P 500 trade lower after data shows inflation climbed 3.4% year over year

Last Updated: Jan 11, 2024 at 11:50 am ET

Follow along to MarketWatch’s full coverage of the consumer price index report from the U.S. Labor Department, and its impact on markets.