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U.S. Inflation Surges to Multi-Year High as Traders Rule Out 2026 Rate Cuts

Commodities Forex

2026-05-16 11:50:22

According to PANews, U.S. inflation data surged across key metrics over the past week, reaching multi-year highs driven by energy price spikes amid Middle East tensions. Traders have largely ruled out the possibility of Federal Reserve rate cuts this year, while bets on rate hikes have increased. The Federal Reserve's latest policy meeting minutes will be closely watched next week for signs of strengthening hawkish signals.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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