[HIGHLIGHTS] Inflation in America rises to 3.1% and there are doubts about an imminent cut in interest rates

Inflation in America rises to 3.1% and there are doubts about an imminent cut in interest rates. Market expectations for the imminent start of a US interest rate cut took a hit on Tuesday after US inflation readings came in higher than expectations.

36 days before the US Federal Reserve meeting to report on interest rates, the markets still expect by 91% that the US Central Bank will keep rates at their current level in the range of 5.25% and 5.5%, according to the “FedWatch” index.