The currency market predicts that the Federal Reserve will cut interest rates three times by 25 basis points this year, and expectations have become more dovish

The U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) report for February at 20:30 tonight. Economists predict that after a significant increase in January, inflation in the United States last month may still be high, which would further prove that the Federal Reserve's progress in curbing prices has stalled. Cooler inflation data could strengthen traders' bets on the Fed cutting interest rates, with the current money market expecting three 25 basis point cuts this year, compared to two fully priced cuts a week ago, market expectations have become more dovish.