--- title: "Dow Jones Top Markets Headlines at 3 AM ET: Wall Street Is Getting More Anxious About Long-Term Inflation | What ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/286215502.md" description: "Wall Street is increasingly anxious about long-term inflation due to surging energy prices. India has raised tariffs on gold and silver imports amid concerns over foreign-exchange reserves. The EIA predicts a significant decline in global oil stocks due to the ongoing war in Iran. Kevin Warsh has been confirmed as a Federal Reserve Governor, with a chair vote expected soon. Additionally, the U.S. budget surplus has shrunk significantly, and inflation has soared to 3.8% driven by gasoline prices, impacting investor expectations for Federal Reserve rate cuts." datetime: "2026-05-13T07:30:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286215502.md) - [en](https://longbridge.com/en/news/286215502.md) - [zh-HK](https://longbridge.com/zh-HK/news/286215502.md) --- # Dow Jones Top Markets Headlines at 3 AM ET: Wall Street Is Getting More Anxious About Long-Term Inflation | What ... Wall Street Is Getting More Anxious About Long-Term Inflation Surging energy prices have pushed investors' inflation expectations to multiyear highs. \---- What Trump and Xi Want to Achieve at Their High-Stakes Summit The president arrives in Beijing for a two-day meeting with the Chinese leader. \---- India Raises Gold, Silver Tariffs to Curb Imports India has hiked tariffs on gold and silver imports, days after Prime Minister Narendra Modi warned that the Middle East crisis was pressuring the country's foreign-exchange reserves. \---- Iran Expands Strait Definition Tehran now considers the Strait of Hormuz to encompass a much larger area than before the war \---- Copper prices are now at their highest level on record. AI is only part of the story. Copper refining now has a Strait of Hormuz problem. \---- Trump Can Keep Collecting Global 10% Tariffs After Appeals Court Stays Decision The decision pauses a trade court decision last week that declared the Trump administration's 10% tariffs invalid. \---- The New Route Around Hormuz Involves a Massive Convoy of Trucks Highways, railroads and ports in Saudi Arabia, the U.A.E. and Oman have been transformed into an emergency logistics lifeline during the Iran war. \---- EIA Sees Prolonged War in Iran Draining Global Oil Stocks Faster Than Expected The agency said it expects inventories to decline by 2.6 million barrels a day on average in 2026, compared with its previous estimate of a 300,000 barrels a day decrease. \---- Here's the silver lining for stocks and 5% Treasury yields Higher rates mean higher costs for borrowers, but 5% isn't a level that's prone to sticking around in the Treasury market \---- Kevin Warsh Confirmed as Fed Gov, Chair Vote Expected This Week Kevin Warsh won Senate confirmation to the Federal Reserve Board of Governors on Tuesday. \---- U.S. Budget Surplus Shrinks $43 Billion in April on Lower Tax Revenue The government returned more money to taxpayers and received less in taxes in April than a year earlier. \---- Inflation Soared to 3.8% in April, Driven by Gasoline Prices Investors at the start of this year were pricing in Federal Reserve rate cuts. Those are all but off the table for now. (END) Dow Jones Newswires May 13, 2026 03:15 ET (07:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [SILV.US](https://longbridge.com/en/quote/SILV.US.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [002716.CN](https://longbridge.com/en/quote/002716.CN.md) - [SLVR.US](https://longbridge.com/en/quote/SLVR.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [SLVP.US](https://longbridge.com/en/quote/SLVP.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [DBP.US](https://longbridge.com/en/quote/DBP.US.md) - [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [SIL.US](https://longbridge.com/en/quote/SIL.US.md) - [GBUG.US](https://longbridge.com/en/quote/GBUG.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md) - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) ## Related News & Research - [PRECIOUS-Gold at over one-week low as dollar, yields climb, Middle East tensions stoke inflation](https://longbridge.com/en/news/286580039.md) - [PRECIOUS-Gold falls, hovers near 1-1/2-month low on increased rate hike bets](https://longbridge.com/en/news/286888115.md) - [Silver Holds Decline on Inflation Worries](https://longbridge.com/en/news/286689337.md) - [30-year Treasury yield tops 5% as inflation pressures mount](https://longbridge.com/en/news/286379157.md) - [PRECIOUS-Gold falls with MidEast war in focus after Trump pauses strike](https://longbridge.com/en/news/286878933.md)