Parts of the U.S. Treasury yield curve are reflecting increasing concerns that the Federal Reserve will wait too long before resuming interest rate cuts as economic growth slows.

Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause. - Rate debate - Some policymakers are starting to ask how the central bank should continue on the path downward.