*💵 US Inflation rises 50 bps to 3% YoY 📈🇺🇸* *Impact:* _◻️ U.S. 10-year Treasury yield rose to 4.66% due to inflation concerns_ _◻️ Hopes for Fed rate cuts reduced_ _◻️ Dow Jones dropped over 400 points_ _◻️ Investors expect longer period of high interest rates_