Investors are considering whether the FED will cut interest rates

With recent data including CPI and PPI, it is being seen that the Fed does not have too much room to operate.

Employment data is also a concern for the FED. The worsening of employment data shows that raising interest rates has had a negative impact on the economy.

The US 10-year bond yield is falling to 4.44%. That suggests there may be an upcoming interest rate cut