US producer prices surged 6% year-over-year in April, marking the fastest pace since 2022, as energy costs spike from the Iran conflict. The 10-year Treasury yield climbed to its highest since July, signaling extended rate holds and delaying Fed rate-cut expectations.

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Narrative·1h ago

US Inflation Data Surprises to Upside: CPI Hot, 10-Year Yield at 5%, Fed Rate-Hold Bets Shift

US wholesale inflation surged in April to its fastest pace since 2022 with PPI up 6% year-over-year, driven by energy shocks. The 10-year Treasury yield hit its highest since July, reaching 5%, as markets reprice expectations for Fed rate cuts and hold duration longer. Energy-driven inflation is pressuring USD and equity valuations.

122 events · 24h·-35

Narrative·1h ago

Hormuz Oil Flows Collapsed 30% in Q1; Iran War Triggers Global Energy Crisis

Oil exports through the Strait of Hormuz collapsed by nearly 30% (6 million barrels per day) in Q1 2026 due to the US-Israeli war on Iran, marking the start of a seismic energy shock. Saudi output hit its lowest since 1990, and Brent crude moved to a discount for the first time, signaling structural supply damage with ripple effects across inflation, currencies, and growth forecasts.

0 events · 24h·-70

Narrative·1h ago

US CPI Surprise and PPI Rise Rattle Markets; Fed Rate-Hike Risk Resurfaces

Hotter-than-expected inflation data on May 13 sent shockwaves through equities and crypto. US producer prices climbed 6% year-over-year, the fastest since 2022, while core CPI beat expectations, rekindling fears the Fed may delay or even hike rates instead of cutting. 10-year Treasury yields jumped to their highest since July.

33 events · 24h·-55

Narrative·2h ago

Iran War Chokes Hormuz Flows to 60-Year Lows; Global Supply Chain Strain Highest Since 2022

Hormuz oil flows collapsed nearly 30% in Q1 2026 to lowest levels since the 1990s, as the Iran-Israel conflict disrupts tanker routes and fuel supply. Global supply chain volatility hit highest level since 2022 crisis; firms now stockpiling ahead of further inflation and shortages.

10 events · 24h·-45

Narrative·3h ago

US CPI and PPI Beat Estimates; Fed Rate Cut Delay Pressures Yields and Equities

Hotter-than-expected US inflation data in April, including core CPI and producer prices at fastest pace since 2022, reignite recession fears and force market repricing of Fed rate-cut odds, pushing 10-year Treasury yields to highest since July and dragging down tech stocks.

106 events · 24h·-55

Narrative·3h ago

Hotter-Than-Expected US Inflation Stalls Rate-Cut Bets

US inflation data released on May 13 came in hotter than forecast, with producer prices climbing at the fastest pace since 2022 and core CPI still sticky. This has forced the market to reprice expectations for Federal Reserve rate cuts, pushing the terminal rate lower and roiling both equities and bonds.

42 events · 24h·-55

Narrative·4h ago

Hot CPI and PPI Print Reignites Fed Delay Narrative

US inflation data released on May 13 showed producer prices rising 6% year-over-year, the fastest pace since 2022, reviving concerns that the Federal Reserve may need to hold rates higher for longer. The data sent Treasury yields to their highest levels since July and rattled risk assets across equities and crypto.

184 events · 24h·-50