Macroeconomic Outlook for Next Week: Risk of renewed conflict between the US, Israel, and Iran surges; gold nears a turning point.

CoinFeed reported on May 16th that US inflation data surged across the board over the past week, driven by soaring energy prices following the conflict with Iran, with several key indicators hitting multi-year highs. Traders have largely ruled out a Federal Reserve rate cut this year, while bets on a rate hike have increased. The minutes of the Fed's most recent meeting will be closely watched in the coming week for signs of a strengthening rate hike signal. Furthermore, uncertainty surrounding the Middle East situation remains a shadow hanging over global markets.