Former Federal Reserve Governor Kevin Warsh criticized the Federal Reserve's recent decision to cut interest rates by a significant 50 basis points, arguing that the Fed's rate-cutting decisions contradict previous policy statements and lack data support. Investor expectations for Fed rate cuts have cooled, leading to a fierce sell-off in the US bond market, with yields on 2-year, 5-year, 10-year, and 30-year US Treasuries rising across the board this week. Analysts point out that the uncertainties surrounding the Fed's rate-cutting prospects are increasing, and US inflation is set to re-accelerate, with the next data likely to reflect this.