Former Federal Reserve Governor Kevin Warsh criticized the Federal Reserve's recent decision to cut interest rates by 50 basis points, arguing that the Fed's rate-cutting decision contradicts previous policy statements and lacks data support. Investor expectations for a rate cut by the Federal Reserve have cooled, leading to a severe sell-off in the U.S. bond market, with yields on 2-year, 5-year, 10-year, and 30-year U.S. Treasuries rising across the board this week. Analysts point out that the variables surrounding the Fed's rate-cut outlook are increasing, and U.S. inflation is expected to accelerate again, as reflected in the next data.