The U.S. Treasury yields surged Wednesday following the Federal Reserve's interest rate cut, signaling fewer future reductions. The 10-year Treasury yield rose nearly 12 basis points to 4.5, while the 2-year Treasury yield climbed over ten basis points to 4.3. The Fed's quarter-percentage-point cut marked its third consecutive reduction but forecast only two cuts for next year, down from four. The central bank also raised its inflation forecast. Federal Reserve Chairman Jerome Powell emphasized a more cautious approach. Experts warn of heightened policy uncertainty and market volatility in 2025.