PANews reported on January 13th, citing Reuters, that traders increased their bets on Tuesday that the Federal Reserve might not wait until Fed Chairman Jerome Powell's term ends in May to cut interest rates, following a report from the U.S. Bureau of Labor Statistics that basic consumer price increases were slightly lower than expected. While traders still believe a June rate cut is the most likely outcome, the latest data projects a 42% probability of a Fed rate cut in April, up from 38% before the data release.