{"id":9705,"date":"2024-02-28T11:19:53","date_gmt":"2024-02-28T03:19:53","guid":{"rendered":"https:\/\/www.ultimamarkets.com\/?p=6881"},"modified":"2025-07-16T07:55:57","modified_gmt":"2025-07-16T07:55:57","slug":"market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood","status":"publish","type":"post","link":"https:\/\/www.ultimamarkets.com\/ar\/trade-news\/market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood\/","title":{"rendered":"Market awaits inflation data to gauge US rate cut likelihood.\u00a0"},"content":{"rendered":"\n<p>Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut. Likewise, comments from Fed officials will be monitored at the same time, with at least ten are due to speak this week.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Previously, data from US showed that durable goods orders experienced its largest downfall in nearly 4 years. The fall was mainly due to lower business investment on equipment, an early sign that the economy is losing its momentum.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The report joined a stream of weak data which includes retail sales, housing starts and manufacturing production. Softness which has been seen in these data are blamed on cold temperatures from last month as well as difficulties of adjusting the data to seasonal fluctuations.&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2024\/02\/01-1.png\" alt=\"\" class=\"wp-image-6885\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center\">(US PCE Price Index)\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Nonetheless, the main concern for both investors and Fed alike are inflationary pressure. Although recent reports show substantial depreciation in price levels, some Fed officials signalled that they are in \u201cno hurry\u201d to cut interest rates. They argued that upside risks on inflation continues to lurk, which may cause price pressure to resurge.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2024\/02\/02-1.png\" alt=\"\" class=\"wp-image-6884\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center\">(Gold spot price per oz)\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>As of writing, gold price dipped 0.01% to 2030.29 while the US dollar index ticked up 0.02% to 103.80.\u00a0<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Disclaimer\u202f\u202f&nbsp;<\/p>\n\n\n\n<p>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut. Likewise, comments from Fed officials will be monitored at the same time, with at least ten are due to speak this week.&nbsp;&nbsp; Previously, data from US showed that durable goods orders [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[274],"tags":[40,139,148,119],"class_list":["post-9705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-news","tag-federal-reserve","tag-inflation","tag-pce","tag-xauusd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Market awaits inflation data to gauge US rate cut likelihood.\u00a0 - Ultima Markets<\/title>\n<meta name=\"description\" content=\"Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market awaits inflation data to gauge US rate cut likelihood.\u00a0\" \/>\n<meta property=\"og:description\" content=\"Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-json\/wp\/v2\/posts\/9705\" \/>\n<meta property=\"og:site_name\" content=\"Ultima Markets\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T03:19:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T07:55:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-content\/uploads\/sites\/18\/2023\/12\/1-5-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"623\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mervin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mervin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood\\\/\"},\"author\":{\"name\":\"mervin\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/#\\\/schema\\\/person\\\/acd24ecc8c3b66996759943157711472\"},\"headline\":\"Market awaits inflation data to gauge US rate cut likelihood.\u00a0\",\"datePublished\":\"2024-02-28T03:19:53+00:00\",\"dateModified\":\"2025-07-16T07:55:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/trade-news\\\/market-awaits-inflation-data-to-gauge-us-rate-cut-likelihood\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-content\\\/uploads\\\/sites\\\/18\\\/2023\\\/12\\\/1-5-1.jpg\",\"keywords\":[\"Federal Reserve\",\"Inflation\",\"PCE\",\"XAUUSD\"],\"articleSection\":[\"Trade News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"\",\"url\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/9705\",\"name\":\"Market awaits inflation data to gauge US rate cut likelihood.\u00a0 - 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