Fed remains committed to a hawkish stance, given ongoing inflation and robust growth in the US.
Fed officials on Thursday spoke cautiously, asking for patience in regard to interest rate cuts.
Market forecasts for the Fed's upcoming meeting showed an important shift and the chances for a rate cut in June have plunged to 20%, while the possibility for a rate cut in July dropped to 50%. Current estimates suggest a likely first cut in September with a 75% probability of a second one in December.
The US Treasury bond yields show an upward trend for the 2-year, 5-year, and 10-year bonds, currently at 4.98%, 4.68% and 4.64%, respectively.
On the data front, weekly Jobless Claims came in at 212K, lower than the 215K expected, adding arguments for a strong labor market.
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