Be prepared for an extremely volatile summer.The implications of the Strait of Hormuz being shut for three months are now rippling through the global economy.First in fuel. Then in fertilizer. Then in food. Before you know it, an inflationary recession. https://t.co/aPtzuSdkNaThe Kobeissi Letter (@KobeissiLetter):BREAKING: April PPI Inflation surges to 6.0%, well above expectations of 4.9% and the highest level since January 2023.Core PPI Inflation rose to 5.2%, above expectations of 4.3%.Both CPI and PPI I ...

U.S. CPI INFLATION RISES TO HIGHEST LEVEL IN 3 YEARSThe US Bureau of Labor Statistics reports that the Consumer Price Index (CPI) rose to 3.8% for the latest period, surpassing the consensus forecast of 3.7%.Market volatility is surging as participants recalibrate their probability of an aggressive June rate cut amid sticky core inflation. ...