From Investing.com: 2024-05-17 04:56:00

– US import prices surge with the largest increase in two years, causing investors to pull back on Fed rate cut bets.
– The dollar recovers from CPI-related losses as import prices rise 0.9% in April, leading to concerns about inflation.
– Fed officials maintain their stance on monetary policy, hinting at possible rate hikes if inflation expectations rise.
– The yen weakens due to BoJ actions and disappointing GDP data, with a July hike probability around 78%.
– Wall Street sees fresh record highs before a pullback, while gold remains elevated amidst tensions in the Middle East.



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