---
title: "Affected by oil prices and PPI, bond traders have lost confidence in the Federal Reserve's interest rate cut outlook for 2026"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/279626143.md"
description: "Due to the impact of rising oil prices from the Middle East conflict and U.S. inflation exceeding expectations, bond traders have lost confidence in the Federal Reserve's prospects for interest rate cuts in 2026. The Producer Price Index (PPI) for February rose more than expected, which may influence the Federal Reserve policymakers' decisions. Analyst Elias Haddad pointed out that persistently high inflation leaves the Federal Reserve with little room to ignore the impact of rising oil prices, and the policy is inclined towards reducing easing"
datetime: "2026-03-18T14:54:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279626143.md)
  - [en](https://longbridge.com/en/news/279626143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279626143.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279626143.md) | [English](https://longbridge.com/en/news/279626143.md)


# Affected by oil prices and PPI, bond traders have lost confidence in the Federal Reserve's interest rate cut outlook for 2026

As the Middle East conflict drives up oil prices and U.S. inflation indicators exceed expectations, bond traders are continuously lowering their expectations for even a single rate cut by the Federal Reserve this year. The U.S. Producer Price Index (PPI) for February, released on March 18, showed a rise that surpassed economists' expectations. This data could influence Federal Reserve policymakers, who had previously anticipated a 25 basis point rate cut this year in their quarterly forecast last December. "The persistently high U.S. inflation backdrop leaves the Federal Reserve with little room to 'ignore' the oil shock, tipping the balance towards reducing accommodative policies," said Elias Haddad, Global Market Strategist at Brown Brothers Harriman

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