Bond Traders Cling to Bets on a Fed Rate Cut This Year After CPI

Published on April 10, 2026

Bond traders held onto wagers that the Federal Reserve will lower interest rates once this year after data confirmed that US inflation quickened in March as the Iran war led to higher gasoline prices.

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Consumer Sentiment Plunges to Record Low

April 10, 2026
Consumer sentiment plunged nearly 11% in April to its lowest level on record, a decline driven largely by the outbreak of the Iran conflict. The Michigan Consumer Sentiment Index fell 5.7 points to 47.6 this month, missing the 51.6 forecast, as consumers explicitly cited geopolitical instability and rising gas prices for the unfavorable shift in the economy.

Inside the Consumer Price Index: March 2026

April 10, 2026
Inflation affects everything from grocery bills to rent, making the Consumer Price Index (CPI) one of the most closely watched economic indicators. The Bureau of Labor Statistics (BLS) tracks this by categorizing spending into eight categories, each weighted by its relative importance.