Woofun AI reports that U.S. Treasury yields and the dollar declined as oil prices dropped over 3% and markets reassessed interest rate outlooks. The CME FedWatch Tool indicates a 42% probability of a rate hike this year, while the likelihood of a second hike decreased from 34% to 28% amid cooling inflation expectations. A Wall Street Journal survey suggests the University of Michigan Consumer Confidence Index is expected to rise from 44.8 to 49 upon its release.