U.S. PPI surged to the highest level since 2022 in April, with energy costs skyrocketing by 7.8% in a single month, fueling bets on interest rate hikes.

The U.S. PPI increased by 6% year-over-year and 1.4% month-over-month in April, with both figures marking the highest levels since 2022. The PPI has recorded month-over-month increases for eight consecutive months. Rising energy and transportation costs pushed service sector inflation to a four-year high. The market is pricing in approximately a 50% probability of one interest rate hike by the end of 2026.

wallstreetcnMay 13 21:08

Fed's Collins: Another rate hike may be necessary if inflationary pressures persist.

①Susan Collins, President of the Boston Federal Reserve, stated that if inflationary pressures persist, the Federal Reserve may need to raise interest rates again; ②She pointed out that the current monetary policy outlook is influenced by the duration of the Middle East conflict, with longer conflicts posing greater inflation risks.

cls.cn54minutes ago

Express News | The US Senate voted to confirm Kevin Warsh as the Chair of the Federal Reserve.

Breakings02:49

Express News | Fed's Collins: Patience with rising inflation is waning, and interest rates may need to remain higher for a longer period.

BreakingsMay 13 23:36

Express News | The U.S. PPI recorded its largest increase since 2022, driven by rising energy costs.

BreakingsMay 13 21:13

Rising U.S. Treasury yields are no cause for concern! HSBC reassures: Strong corporate earnings and low market positioning will support stock market growth.

In addition to affecting borrowing costs (eroding corporate profit margins), the rise in U.S. Treasury yields could also trigger a rotation of funds from the stock market to the bond market, casting a shadow over the currently robust outlook for global equities.

Zhitong FinanceMay 13 21:03