From Dow Jones & Company:

One major bank is considering an “extreme scenario” in which no G-10 central banks cut interest rates this year due to sticky inflation, strong economic growth, or fresh shocks. Market expectations for around 6 interest-rate cuts by the Federal Reserve and the European Central Bank are expected to be fewer due to persistent inflation and resilient economies. Factors contributing to concerns about inflation are the developing situation in the Middle East, U.S. wage growth, and Brexit. Treasury yields finished with their biggest one-day jumps of the month on Tuesday. U.S. stocks closed lower with the ICE U.S. Dollar Index up 1%.



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