Rate Cut Hopes Fade After Strong Economic Data

Bond market expectations for a June rate cut fell below 50% after strong ISM factory data showing first expansion in 16 months

Inflation data in line with Fed hopes but creates a "wait and see" situation for rate cuts according to a former Fed official

Long-dated Treasury yields saw one of this year's widest daily increases as bond traders turned sour on rate cut expectations

Futures markets data shows investors losing faith in June timeline, with odds of a cut that month now below 57%

Fed remains confident rate cuts achievable but economy's strength gives little reason to hurry cuts