Interest-rate swaps on Friday showed traders pricing in a roughly one-in-four chance of a quarter-point rate cut this year, slightly lower than before the data. “The CPI data today will not support bond prices as next month’s inflation report will reveal more headaches for investors and the Fed,” Tom di Galoma, managing director at Mischler Financial Group, said. The March consumer price report offered investors the first tangible glimpse of inflation dynamics since the US attacked Iran at the end of February. Friday’s report, however, was one of the last major economic data releases before the Fed meets at the end of this month. After next week, Fed officials will also stop making public comments about the state of the economy or policy until their April 29 rate decision, removing some inputs for the bond market.

Source: The Edge Markets April 10, 2026 14:58 UTC