On April 10, 2024, US stock markets fell amid inflation concerns and skepticism about anticipated Federal Reserve rate cuts.

March's Consumer Price Index indicated a 0.4% rise in prices, casting doubt on the Fed's planned interest rate reduction in June.

The inflation report led to sharp losses in real estate, utilities, and homebuilding sectors, with broader market indices like the Dow, S&P 500, and Nasdaq also declining.

Goldman Sachs revised its forecast for Fed rate cuts following the higher-than-expected inflation data.

President Biden responded to the inflation report by emphasizing the need to reduce costs for families, as markets await further Federal Reserve actions.

Treasury yields rose to new highs for the year, suggesting increased borrowing costs, while global markets showed mixed reactions.

The article suggests caution in investing in real estate stocks despite strong housing demand, due to the market's negative response to inflation and interest rate concerns.