Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
U.S. Treasury Secretary Yellen: 3.8% inflation is just a short-term disruption
At a hearing of the Senate Finance Committee, he clearly stated, “Apart from inflation—I believe this will be a short-term disruption—all other economic data are very strong.” This statement continues his previous multiple definitions of the nature of price increases.
April’s data showed that, affected by heightened tension in the Strait of Hormuz that pushed up energy costs, the United States’ overall Consumer Price Index (CPI) rose 3.8% year on year, the largest increase since 2023. Bessent attributed this change to a supply shock brought about by the Iran conflict, and repeatedly emphasized its one-off nature.
In May, he explained, “I firmly believe that nothing is more temporary than a supply shock.” At a White House cabinet meeting, he also offered the same assessment, believing that once the conflict ends, energy prices will fall back, and he said plainly, “When all this is over, oil prices will be below pre-conflict levels,” while also pointing out that natural gas prices have begun to decline.
Similar views are also reflected in his interpretation of financial markets. Bessent previously said that the rise in global bond yields reflects “what I think are fleeting short-term inflation fluctuations”; at another cabinet meeting, he likewise emphasized, “I believe that price increases are temporary.”