---
title: "U.S. CPI Rebound and Geopolitical Tensions Impact Rate Cut Expectations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287031595.md"
description: "The rebound in the U.S. CPI and geopolitical tensions have reduced interest rate cut expectations, increasing the likelihood of rate hikes. This has led to sell-offs in U.S. and Japanese bond markets, with 30-year U.S. Treasury yields exceeding 5.20%. Global stock markets are declining, with divided opinions on Nvidia ahead of its earnings report. Goldman Sachs remains bullish, while Google's stock continues to drop. Bitcoin faces a five-day losing streak, and ETFs have seen nearly $1 billion in outflows, amid ongoing macroeconomic pressures."
datetime: "2026-05-20T08:27:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287031595.md)
  - [en](https://longbridge.com/en/news/287031595.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287031595.md)
---

# U.S. CPI Rebound and Geopolitical Tensions Impact Rate Cut Expectations

PANews posted on X (formerly Twitter). The recent rebound in the U.S. Consumer Price Index (CPI) and ongoing geopolitical tensions have diminished expectations for interest rate cuts, leading to a sharp increase in the probability of rate hikes. This has resulted in significant sell-offs in both U.S. and Japanese bond markets, with the yield on 30-year U.S. Treasury bonds surpassing 5.20%. Global stock markets have experienced widespread declines. Ahead of Nvidia's earnings report, market opinions are increasingly divided. Despite technical indicators showing extreme caution, Goldman Sachs maintains a bullish outlook on the company. Meanwhile, Google's stock price has continued to fall following its I/O conference, although storage chip stocks and Bakkt have seen gains against the trend. Bitcoin has experienced a five-day losing streak, with exchange-traded funds (ETFs) witnessing nearly $1 billion in outflows over two days. Macroeconomic pressures continue to suppress risk assets.

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