# The 4% problem

Page: https://stenobird.com/podcast/reuters-morning-bid-7596246/the-4-problem
Text version: https://stenobird.com/podcast/reuters-morning-bid-7596246/the-4-problem.md
Podcast: [Reuters Morning Bid](https://stenobird.com/podcast/reuters-morning-bid-7596246)
Published: 2026-05-13T10:07:00+00:00
Episode link: https://traffic.megaphone.fm/THRH2167240887.mp3
Audio file: https://traffic.megaphone.fm/THRH2167240887.mp3
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JSON: https://stenobird.com/v1/public/podcasts/reuters-morning-bid-7596246/episodes/the-4-problem
Duration seconds: 442

## Resource

U.S. April inflation lands at 3.8% and May is forecast to top 4% - twice the Fed's target - as the Iran fuel shock continues to ripple through prices. Futures markets now put an 80% chance on the Fed raising rates within twelve months. Meanwhile, U.S. President Donald Trump heads to Beijing with a delegation of top CEOs for a summit with Chinese President Xi Jinping. Plus, UK Prime Minister Keir Starmer faces a rebellion inside his own Labour Party as thirty-year gilt yields hit their highest since the 1990s. Today’s recommended read: G7 long bond stress intensifies, Mike Dolan Subscribe to Mike Dolan's Morning Bid ⁠newsletter,⁠ and check out his columns on ⁠Reuters Open Interest⁠ Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the ⁠Thomson Reuters Privacy Statement⁠ for information on our privacy and data protection practices. You may also visit ⁠megaphone.fm/adchoices⁠ to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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