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US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
Gold is on track for a fourth consecutive weekly decline as rising U.S. rate-hike bets strengthen the dollar, pressuring the metal's price. A fragile U.S.-Iran agreement and a Strait of Hormuz incident add geopolitical risk but have not been enough to offset the dollar's pull.
Global gold prices have dropped 22% since February 2026, defying the metal's safe-haven reputation. High real interest rates, a stronger US dollar, and heavy investor outflows from gold ETFs are driving the sell-off, with no clear catalyst for a quick recovery in sight.
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
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.
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
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.
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.
U.S. employers added 115,000 jobs in April, nearly double the 65,000 analysts had forecast. The stronger-than-expected result reduces immediate pressure on the Federal Reserve to cut interest rates and signals the labor market has not yet weakened sharply.
US employers added 115,000 jobs in April, beating expectations despite economic disruption from the Iran conflict. Wage growth of 3.6% year-on-year stayed in line with the Fed's 2% inflation target, reducing pressure for an emergency rate cut.
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.
The April U.S. jobs report releases Friday, with markets expecting a labor market that is slowing but still stable. The data will directly shape expectations for Federal Reserve rate cuts and offer a read on how hiring has held up amid tariff pressures.
Jerome Powell and Kevin Warsh are set to share the Fed's policy table for the first time a sitting and former chair have done so in nearly 80 years. Any public disagreement between the two could disrupt market expectations on interest rates and Fed credibility.
Minneapolis Fed President Neel Kashkari said a war involving Iran would constrain the Fed's ability to provide clear interest rate guidance. Geopolitical shocks that disrupt oil supply and stoke inflation make it harder for the Fed to commit to any rate path, raising uncertainty for markets and borrowers.
Minneapolis Fed President Neel Kashkari said further US interest rate hikes "could be warranted" if the Middle East conflict worsens inflation, likely through higher energy prices. The comments push back against market expectations of rate cuts and signal the Fed remains open to tightening if price pressures resurface.
U.S. job creation dropped to 189,000, the lowest level since the 1960s, catching markets and financial media off guard. The reading significantly increases pressure on the Federal Reserve to consider cutting interest rates sooner than expected.
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.
Tag
US inflation hit 4.1% in May 2026, its highest level in three years, driven by rising energy prices, keeping a Federal Reserve rate hike in September firmly on the table. Consumer spending rose on tax refunds and a stock market rally, while business investment in AI equipment also rebounded.
3d ago · 3 min · Economy
Gold is on track for a fourth consecutive weekly decline as rising U.S. rate-hike bets strengthen the dollar, pressuring the metal's price. A fragile U.S.-Iran agreement and a Strait of Hormuz incident add geopolitical risk but have not been enough to offset the dollar's pull.
3d ago · 3 min · Markets
Global gold prices have dropped 22% since February 2026, defying the metal's safe-haven reputation. High real interest rates, a stronger US dollar, and heavy investor outflows from gold ETFs are driving the sell-off, with no clear catalyst for a quick recovery in sight.
9d ago · 4 min · Markets
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, driven by a spike in energy costs. The reading puts pressure on the Federal Reserve to respond, with potential knock-on effects for interest rates, borrowing costs, and household purchasing power.
19d ago · 3 min · Economy
US inflation rose to a three-year high in May, driven by surging gas and energy prices tied to the Middle East conflict. The reading complicates the Federal Reserve's path toward cutting interest rates and keeps pressure on household budgets.
19d ago · 3 min · Economy
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
21d ago · 3 min · Economy
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
US inflation rose to 3.8% in April, its highest since May 2023, as energy costs surged due to the Iran conflict. The jump complicates Federal Reserve plans to cut interest rates and raises costs for consumers and borrowers.
1mo ago · 3 min · Economy
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
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
U.S. employers added 115,000 jobs in April, nearly double the 65,000 analysts had forecast. The stronger-than-expected result reduces immediate pressure on the Federal Reserve to cut interest rates and signals the labor market has not yet weakened sharply.
1mo ago · 2 min · Economy
US employers added 115,000 jobs in April, beating expectations despite economic disruption from the Iran conflict. Wage growth of 3.6% year-on-year stayed in line with the Fed's 2% inflation target, reducing pressure for an emergency rate cut.
1mo ago · 2 min · Global Affairs
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
The April U.S. jobs report releases Friday, with markets expecting a labor market that is slowing but still stable. The data will directly shape expectations for Federal Reserve rate cuts and offer a read on how hiring has held up amid tariff pressures.
1mo ago · 2 min · Economy
Jerome Powell and Kevin Warsh are set to share the Fed's policy table for the first time a sitting and former chair have done so in nearly 80 years. Any public disagreement between the two could disrupt market expectations on interest rates and Fed credibility.
1mo ago · 3 min · Economy
Minneapolis Fed President Neel Kashkari said a war involving Iran would constrain the Fed's ability to provide clear interest rate guidance. Geopolitical shocks that disrupt oil supply and stoke inflation make it harder for the Fed to commit to any rate path, raising uncertainty for markets and borrowers.
1mo ago · 2 min · Global Affairs
Minneapolis Fed President Neel Kashkari said further US interest rate hikes "could be warranted" if the Middle East conflict worsens inflation, likely through higher energy prices. The comments push back against market expectations of rate cuts and signal the Fed remains open to tightening if price pressures resurface.
1mo ago · 2 min · Economy
U.S. job creation dropped to 189,000, the lowest level since the 1960s, catching markets and financial media off guard. The reading significantly increases pressure on the Federal Reserve to consider cutting interest rates sooner than expected.
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