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US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.
Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
India's state oil companies are losing Rs 1,600, 1,700 crore daily by holding retail fuel prices steady despite high global energy costs, accumulating over Rs 1 lakh crore in under-recoveries in 10 weeks.
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
US stocks hit record highs after a strong jobs report outweighed concerns about rising oil prices. Healthy employment data boosted investor confidence in consumer spending and corporate earnings, offsetting fears that higher oil costs could pressure margins and inflation.
Bank of America economists now expect the Federal Reserve to hold rates steady through 2025 and 2026, with the first cut not coming until 2027. The forecast, driven by a hawkish Fed stance and sticky inflation, would keep borrowing costs high for mortgages, business loans, and consumer credit far longer than markets
A strong U.S. jobs report has further narrowed the Federal Reserve's case for cutting interest rates, with inflation still above its 2% target. Borrowers face a longer wait for relief on mortgages, credit cards, and loans as the Fed is likely to hold rates steady.
US 30-year Treasury bond yields are approaching 5% again, driven by rising oil prices and a resilient US economy. Sustained yields at this level could push up borrowing costs globally and force markets to reprice expectations for Federal Reserve rate cuts.
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
Chicago Fed President Austan Goolsbee called recent inflation data "bad news," reinforcing that interest rate cuts are unlikely to come soon. The comments signal the Fed needs significantly more progress on inflation before it will ease borrowing costs.
India's 10-year government bond yield hit a three-week high on Tuesday after crude oil crossed $110 a barrel following a breakdown in U.S.-Iran nuclear talks. Higher oil raises India's import bill and inflation risk, pressuring the RBI to keep rates tight.
Cleveland Fed President Beth Hammack dissented against the Fed's easing bias this week, saying it is no longer appropriate given uncertainty about the economic and inflation outlook. The easing bias signals a rate cut is the likely next move, and markets price assets around that expectation.
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
Surging crude oil prices are weighing on global stocks as markets fear a fresh inflation surge. Higher energy costs make it harder for central banks to cut interest rates, pressuring equity valuations. Investors are closely watching oil price moves and central bank signals on rate timing.
Brent crude rose to $111.59 a barrel on May 1 as US-Iran tensions and a blocked Strait of Hormuz disrupted oil supply. Prices have already crossed $120 for the first time in four years, raising fresh inflation concerns globally.
A key U.S. inflation gauge jumped to a three-year high in March as the Iran war pushed gas prices sharply higher. The reading reduces the chances of near-term Federal Reserve interest rate cuts, keeping borrowing costs elevated for consumers and businesses.
U.S. GDP grew at a 2% annual rate in Q1, supported by AI-sector investment. War-driven inflation from the Iran conflict is offsetting some of that momentum by raising costs across the economy. The path forward depends on whether inflation persists or eases.
Brent crude surged past $126 a barrel on Thursday, its highest wartime peak in over a decade, while U.S. gasoline hit $4.30 a gallon. The spike raises inflation pressure globally and squeezes consumer budgets. Markets are watching whether producers can raise output fast enough to ease prices.
Tag
US consumer prices rose above 4% in May, hitting a three-year high, while President Trump issued a fresh threat against Iran. The dual shock pushed the S&P 500 and Dow lower, with the Nasdaq falling around 1% on a chip-sector sell-off.
19d ago · 3 min · Markets
Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.
23d ago · 3 min · Markets
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
1mo ago · 3 min · Economy
India's state oil companies are losing Rs 1,600, 1,700 crore daily by holding retail fuel prices steady despite high global energy costs, accumulating over Rs 1 lakh crore in under-recoveries in 10 weeks.
1mo ago · 2 min · Markets
A strong U.S. jobs report removes near-term pressure on the Federal Reserve to cut interest rates. War-driven supply disruptions and rising energy prices are now the bigger inflation threat, keeping rate cuts off the table.
1mo ago · 2 min · Economy
US stocks hit record highs after a strong jobs report outweighed concerns about rising oil prices. Healthy employment data boosted investor confidence in consumer spending and corporate earnings, offsetting fears that higher oil costs could pressure margins and inflation.
1mo ago · 2 min · Markets
Bank of America economists now expect the Federal Reserve to hold rates steady through 2025 and 2026, with the first cut not coming until 2027. The forecast, driven by a hawkish Fed stance and sticky inflation, would keep borrowing costs high for mortgages, business loans, and consumer credit far longer than markets
1mo ago · 2 min · Economy
A strong U.S. jobs report has further narrowed the Federal Reserve's case for cutting interest rates, with inflation still above its 2% target. Borrowers face a longer wait for relief on mortgages, credit cards, and loans as the Fed is likely to hold rates steady.
1mo ago · 3 min · Economy
US 30-year Treasury bond yields are approaching 5% again, driven by rising oil prices and a resilient US economy. Sustained yields at this level could push up borrowing costs globally and force markets to reprice expectations for Federal Reserve rate cuts.
1mo ago · 2 min · Markets
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
1mo ago · 2 min · Economy
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
1mo ago · 2 min · Economy
Chicago Fed President Austan Goolsbee called recent inflation data "bad news," reinforcing that interest rate cuts are unlikely to come soon. The comments signal the Fed needs significantly more progress on inflation before it will ease borrowing costs.
1mo ago · 2 min · Economy
India's 10-year government bond yield hit a three-week high on Tuesday after crude oil crossed $110 a barrel following a breakdown in U.S.-Iran nuclear talks. Higher oil raises India's import bill and inflation risk, pressuring the RBI to keep rates tight.
2mo ago · 2 min · Markets
Cleveland Fed President Beth Hammack dissented against the Fed's easing bias this week, saying it is no longer appropriate given uncertainty about the economic and inflation outlook. The easing bias signals a rate cut is the likely next move, and markets price assets around that expectation.
2mo ago · 1 min · Markets
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
2mo ago · 1 min · Economy
Surging crude oil prices are weighing on global stocks as markets fear a fresh inflation surge. Higher energy costs make it harder for central banks to cut interest rates, pressuring equity valuations. Investors are closely watching oil price moves and central bank signals on rate timing.
2mo ago · 1 min · Markets
Brent crude rose to $111.59 a barrel on May 1 as US-Iran tensions and a blocked Strait of Hormuz disrupted oil supply. Prices have already crossed $120 for the first time in four years, raising fresh inflation concerns globally.
2mo ago · 1 min · Markets
A key U.S. inflation gauge jumped to a three-year high in March as the Iran war pushed gas prices sharply higher. The reading reduces the chances of near-term Federal Reserve interest rate cuts, keeping borrowing costs elevated for consumers and businesses.
2mo ago · 1 min · Economy
U.S. GDP grew at a 2% annual rate in Q1, supported by AI-sector investment. War-driven inflation from the Iran conflict is offsetting some of that momentum by raising costs across the economy. The path forward depends on whether inflation persists or eases.
2mo ago · 1 min · Economy
Brent crude surged past $126 a barrel on Thursday, its highest wartime peak in over a decade, while U.S. gasoline hit $4.30 a gallon. The spike raises inflation pressure globally and squeezes consumer budgets. Markets are watching whether producers can raise output fast enough to ease prices.
2mo ago · 1 min · Markets