The interest rate cut dream is shattered; the bond market leads the decline out of respect

ME News reports that the U.S. Treasury market has recently experienced intense volatility, and Wosh's appointment as Federal Reserve Chair faces the challenge of limited room for rate cuts. Rajapa pointed out that rising inflation expectations have caused abnormal bond market yields, and the Iran war has pushed up energy prices, further intensifying inflation pressures. The market expects nearly a two-thirds chance of rate hikes before December, and expectations for rate cuts for the entire year have significantly cooled by the end of February.