Finance

Wholesale inflation surged in April, with the Producer Price Index rising 1.4% month-over-month, nearly triple the expected increase. This jump represents the largest monthly gain since 2022 and follows a similarly discouraging Consumer Price Index report released earlier in the week.

U.S. government bond yields rose to their highest levels of the year after strong inflation data shifted market expectations toward a more restrictive Federal Reserve policy. The 10-year Treasury yield neared 4.5%, while the 30-year yield held above the 5% threshold, reflecting concerns that interest rates may remain elevated for the rest of 2026.

Crude oil prices advanced as unresolved conflicts between the U.S. and Iran continued to disrupt energy markets. WTI and Brent benchmarks remained above $100 per barrel, with market participants closely monitoring the impact of these energy shocks on global supply chains and domestic inflation.