Inflation Surpasses Expectations Amid Rising Energy Prices and Fed Rate Outlook
The U.S. consumer price index (CPI) rose to 3.8% in April, the fastest pace of inflation since early 2024, driven by surging energy prices due to geopolitical tensions involving Iran. The data has shifted market expectations away from a potential Fed rate cut and toward an increase before year-end.
Topics: consumer_price_index fed_policy inflation interest_rates