The futures market is currently pricing in no rate cuts at the May 7th FOMC meeting but anticipates three 25-basis-point cuts by the end of 2025. According to Jim Iuorio from TJM Institutional Services, this pattern of predicting rate cuts and then being surprised by robust economic data has been a recurring trend for months. Learn more: https://www.cmegroup.com/trading/interest-rates/micro-treasury-yield-futures.html #yields #Fed #cpi