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

GateNews

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 parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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