US Inflation Set for Another Sharp Jump as US-Iran Conflict Lifts Oil Prices
BeInCrypto
The upcoming US CPI report is expected to show rising inflation, largely driven by higher oil prices linked to the US-Iran conflict.Summary
The US Bureau of Labor Statistics is set to release April CPI data, which is expected to show an annual inflation rise to 3.7%, the highest since September 2023. This upward trend is primarily driven by surging oil prices resulting from the ongoing US-Iran conflict. Analysts suggest that if core inflation exceeds expectations, it may force the Federal Reserve to reconsider interest rate policies, potentially delaying rate cuts further into the future.
(Source：BeInCrypto)