Market analysts have expressed renewed caution as expectations of U.S. Federal Reserve interest rate cuts have diminished, putting global investor sentiment under pressure. Recent economic data and statements from Fed officials suggest that rate cuts, which many had anticipated to support economic growth, are now less likely in the near term. This shift in outlook has led to a cautious market environment, with investors focusing on economic stability and potential inflationary pressures. As a result, risk assets have seen a pullback, and market volatility has increased in anticipation of future policy moves.