US Inflation Hits 3-Year High in April, Fed Rate Cuts Ruled Out
π FED β The war's economic toll is now setting US monetary policy, not just oil prices. π LOOK CLOSER: April CPI locking the Fed out of cuts through 2027 means Washington absorbs war costs through sustained high rates β not stimulus. With Hormuz at 10% capacity and energy prices structural, the Fed has no room to cushion a recession triggered by prolonged conflict. Every month Doha stalls, the domestic economic pressure Trump claims to dismiss compounds silently.