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.

wallstreetcn21:08

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

Breakings00:24

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

Breakings59minutes ago

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 Finance21:03

Express News | US April PPI YoY +6.0% Vs +4.9% Forecast, Prior +4.3%

Breakings20:30

Morgan Stanley's Wilson: US stocks do not need the Federal Reserve to cut interest rates; S&P 500 target raised to 8000 points.

Wilson raised his year-end 2026 target for the S&P 500 Index from 7800 points to 8000 points and set a mid-2027 target of 8300 points. He believes the market has undergone substantial adjustments in valuation and breadth, with major risks adequately priced in. Even if the Federal Reserve remains on hold, strong earnings growth alone can drive stock returns. Additionally, structural support for US equities is being provided by the Trump administration's 'rebalancing' policies.

wallstreetcn20:21 · Ratings