SINGAPORE, April 1 Reuters The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention.

The personal consumption expenditures PCE price index rose 0.3 in February, the Commerce Department39;s Bureau of Economic Analysis said on Friday, compared with the 0.4 rise that economists polled by Reuters had forecast.

The report also showed consumer spending rising by the most in just over a year last month, underscoring the economy39;s resilience. Most markets across the globe were closed on Friday, with European markets closed on Monday as well.

Federal Reserve Chair Jerome Powell on Friday said the latest U.S. inflation data was along the lines of what we would like to see, in comments that tallied with his remarks after the Fed39;s policy meeting last month.

The Fed39;s willingness to tolerate inflation well above 2 while still considering rate cuts is supporting risk assets, said Mansoor Mohiuddin, chief economist at the Bank of Singapore.

Markets are now pricing in 68.5 chance of the Fed cutting rates in June versus 57 chance at the end of last week, the CME FedWatch tool showed. Traders are also pricing in 75 basis points of cuts this year.

Citi strategists said the Fed remains on track to begin cutting rates in June. If activity holds up, the Fed might deliver three rate cuts this…