Letha Hermus Mpia

#USPPISurge Core PPI at 5.2% YoY vs 4.3% expected April 2026 is a legit wake-up call—and it lines up with a CPI print that’s still running hot energy + shelter doing damage. tradingeconomics.   That said, “inflation is over” isn’t the only narrative that dies here—so does “easy mode risk-on.