The disappointing inflation data report spooked investors, with hopes for interest rate cuts this year dimming further, hitting risk assets across all markets. Major U.S. stock indexes such as the S&P 500 and the tech-heavy Nasdaq began the trading session down nearly 2%, while the 10-year U.S. Treasury bond yield jumped 8 basis points to 4.73%, its highest reading since November.
Bitcoin (BTC) Price Dips to $63K Amid Lower Rate Cut Odds; SOL, AVAX Lead Crypto Slide
