The market's expectation of the Federal Reserve cutting interest rates three times this year has cooled, and the focus has shifted to inflation data and the outlook for interest rate policy.

Analysis of US stock market trends

On Tuesday, the closing performance of US stocks was mixed. The Dow Jones Industrial Average remained largely unchanged, while the tech dominated Nasdaq Composite Index rose slightly by about 0.3%, and the S&P 500 Index also rose slightly by about 0.1%.

Inflation report expectations

Investors are waiting for the Consumer Price Index (CPI) released on Wednesday, which is seen as a key reference data for the timing of the Federal Reserve's interest rate cut. As the US economy continues to show strength, investors are becoming increasingly skeptical that the Federal Reserve will achieve its expected three rate cuts.

The yield of ten-year treasury bond bonds rose

As the prospect of an imminent interest rate cut has weakened, the yield of the 10-year treasury bond bond has kept rising, reaching a five month high, which also poses potential pressure on stocks. On Tuesday, the yield of 10-year treasury bond fell slightly, trading at about 4.37%.

The rise in metal prices has attracted attention

The rise in metal prices has raised concerns about further inflation. Copper prices have risen by about 0.5% and have risen by 10% since the beginning of the year. The price of gold has exceeded $2380 per ounce and the upward trend has not weakened.

The first quarter financial reporting season is about to begin

The next market focus is the start of the first quarter financial reporting season, which will officially kick off this Friday. Wall Street banks such as Citigroup, JPMorgan Chase, and Wells Fargo will announce their financial results.