It’s a lackluster trading session on Wall Street, with the main indices experiencing slight declines as traders adopt a cautious stance ahead of a data-heavy week. The spotlight will be on Wednesday’s release of March inflation data, with consensus among economists anticipating another uptick in the annual inflation rate from 3.2% to 3.4%, potentially causing further turbulence in expectations regarding imminent Fed rate cuts. According to the CME Group Fed watch tool, there is currently nearly a 50-50 chance between a hold and a cut in June. The S&P 500, Dow Jones, and Nasdaq 100 showed little movement at midday trading in New York, while small caps managed to inch higher. In the bond market, Treasury yields continued to rise, with the 30-year yield surpassing 4.55%, on track to close at the highest level since late November 2023. Concurrently, the iShares 20+ Year Treasury ...