From Investing.com:

Mixed news on inflation has not deterred the Federal Reserve from potentially cutting interest rates in June. Fed funds futures indicate a 67% probability of a rate cut at the June 12 FOMC meeting. The 2-year yield remains below the Fed funds rate, suggesting expectations of lower interest rates. Some economic experts recommend patience for rate cuts, while others argue that the case for cutting rates is weak given current economic conditions. Fed Chairman Powell has hinted at potential rate cuts in the near future. The timing and necessity of rate cuts remain uncertain as economic factors evolve.



Read more at Investing.com: Doubt About June Rate Cuts Keeps Creeping Higher – PPI Another Headwind for Fed