Global markets sink as Fed rate‑cut hopes fade and traders remain unsure of what to do

Markets around the world are wobbling hard because bets on a rate cut by the Federal Reserve are evaporating, and the odds have dropped to roughly 50‑50 from much higher, per the CME FedWatchTool.
Wall Street’s tech‑heavy indexes took a tumble, and Asian markets followed suit as hawkish Fed comments piled up and disappointing Chinese data darkened the mood.