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US inflation is climbing - and the Fed have no choice but to hike | Morning Bid
Posted
May 13, 2026
Views
1,866
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May 13, 2026
1,866
63
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4.18%
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6:23Now PlayingU.S. April inflation lands at 3.8% and May is forecast to top 4% - twice the Fed's target - as the Iran fuel shock continues to ripple through prices. Futures markets now put an 80% chance on the Fed raising rates within twelve months. Meanwhile, U.S. President Donald Trump heads to Beijing with a delegation of top CEOs for a summit with Chinese President Xi Jinping. Plus, UK Prime Minister Keir Starmer faces a rebellion inside his own Labour Party as thirty-year gilt yields hit their highest since the 1990s.
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