The market expects the probability of the Federal Reserve lowering interest rates by 25 basis points this year to be only about 1/3

According to Jinshi reports, the market expects about a one-third probability that the Federal Reserve will cut interest rates by 25 basis points this year, and bond traders have slightly reduced their bets on rate cuts. Data shows that due to the rise in gasoline prices caused by the Iran war and the acceleration of inflation in the U.S. in March, U.S. Treasury bonds fell slightly after the report was released, with yields on various maturities rising by two to three basis points. Tom di Galoma, Managing Director of Mischler Financial Group, stated that today's CPI data will not support bond prices, and next month's inflation report will bring more trouble to investors and the Federal Reserve.