Are the odds of Fed interest rate cuts headed for zero? ...Middle East

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Are the odds of Fed interest rate cuts headed for zero?
Investors are asking this question in the wake of a series of stronger-than-expected economic data and higher inflation readings in the first quarter of this year.  The latest surprises were March data showing a 303,000 increase in nonfarm payrolls and the Consumer Price Index inflation report that showed the headline rate increased to 3.5 percent over a year ago.   Whereas investors anticipated six cuts in the federal funds rate at the start of this year, the bond market is now pricing in only two cuts. While this is below the three cuts that Fed officials envision, some investors suspect the Fed will have to alter its assessment at some point.   Amid this, the 10-year Treasury

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