**🚨 Inflation Alarm Bells Ringing**
April CPI just spiked to 3.8% YoY (beat expectations of 3.7%, was 3.3% last print). Core CPI also hotter than expected at 2.8%. Energy is on fire — gasoline +28%, fuel oil +54% YoY. Oil ~$101, 30-year Treasury yield pushing toward 5%.
Rate cuts this year? Basically off the table. Traders now see almost zero chance in June, and there’s even a ~25% shot of a December *hike* per CME. Fed dissent is the highest since 1992.
Gold dropped below $4680 (-1%+), silver -3%+.
Bottom line: Inflation isn’t tamed, and the Fed looks paralyzed. Market is now openly whispering about rate hikes again.
What do you think happens next?
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