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Bond traders are pricing in fewer Federal Reserve rate cuts this year after strong US manufacturing data. This has led to a decrease in the odds of a rate cut in June, with market sentiment turning more cautious than the Fed's outlook on 2024 rate cuts. US stock indexes have been impacted by these developments, with Treasury yields surging on fears of delayed rate cuts.
Stock futures are little changed after Dow's second straight losing day in new quarter: Live updates https://t.co/OlrHL6pFvr
Stock market today: US indexes drop as investors sour on pace of Fed rate cuts https://t.co/lN8M0IfD0v
U.S. stocks post worst day in a month, Treasury yields spike on rate-cut fears https://t.co/RPoF4FTAWt
