Doubts over Fed policy in Q1 2025 deliver an eighth day of losses for the Dow Jones- will it be a ninth today?

The US 10 year yield hit a new high on the week a short while ago, at 4.42%. If you are wondering why that is ahead of what seems a likely Fed cut tomorrow, then let me explain. It seems the markets are now pricing a cut tomorrow as the last one from the Fed for perhaps the next 3 months and that is pushing US yields higher. Also we have evidence that US inflation is not falling back  further and to that end the US PCE report on Friday will be important. If that does not show further abatement, then it will weigh on the outlook even more. So, right now all but the tech sector stock markets in the US are not ignoring that fact. Hence, the Dow Jones futures fell to session lows a short while ago, pricing the opening as low as 43,545. The index closed last night at 43,717. That 110 point loss marked an eighth strait day of losses for the index and right now there is the prospect; that later today we might get a ninth. The index is currently priced to reopen around 43,585