1. Goldman Sachs has revised its forecast, now expecting the US Fed to deliver rate cuts only in December 2026 and March 2027, a significant delay from its previous projection.
2. China's April economic data surpassed expectations with stronger-than-forecast CPI and PPI figures, accompanied by a strengthening Yuan and a rally in its tech stocks.
3. Oil prices surged by over $4 per barrel, with WTI breaking $100, after Trump rejected Iran's peace proposal.
Fed Rate Cut Hopes Pushed to 2026, China's Inflation Beats Forecasts, Oil Soars on Iran Tensions
