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The US stock market reacted to new inflation data with optimism, leading to higher Treasury yields and doubts on Federal Reserve rate cuts. Strong US manufacturing activity reduced the likelihood of a June rate cut, with traders pricing in fewer cuts than expected.
💡Fed rate cut expectations pushed back The release of strong U.S. manufacturing activity data on Monday has seen traders push back expectations of the Federal Reserve's first interest rate cut this year. The CME's FedWatch tool now factors in 61.3% odds of a Fed rate cut in…
Markets Are Back to Seeing Fewer Rate Cuts Than the Fed - BBG https://t.co/cOeT53vEqq
Stock market today: US futures edge lower as traders trim their bets on Fed rate cuts https://t.co/ZJpGCwFaZ1
