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Inflation Leaped to 3-Year High. Where is the Market Heading?

Due to surging gas prices following the six-week-old Iran war, U.S. inflation hit a three-year peak of 3.8% in April. This persistent inflat Show More
Due to surging gas prices following the six-week-old Iran war, U.S. inflation hit a three-year peak of 3.8% in April. This persistent inflationary pressure, combined with a strengthening labor market, may lead the Federal Reserve to postpone its anticipated summer rate cuts, despite having lowered rates three times last year to stabilize employment.
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