US CPI leaves traders wondering about the Fed's future path

Although the latest US CPI figures were only slightly higher than expected, they were a welcome trigger for traders to take some profits after a few strong days. However, expectations for the first interest rate cuts in the US have been pushed back, reaffirming the market's current 'higher for longer' mantra. Tim Gagie, Head of FX & PM Solutions in Geneva, sums up an intense week for currency and metals traders.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:58 FX and metals update by Tim Gagie (Head of FX & PM Solutions Geneva)10:04 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.