- US Headline inflation m fell to 4.9% in April, below expectations.
- Core CPI dropped to 5.5%, matching expectations.

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

A more zoomed in view shows that inflation has not been tamed

Electricity is my passion, mountains are my way of life.

So far, it is pretty sticky, thing is, what will FED break first, inflation or the economy?

I think recession is here in a few quarters; it just depends. Will it be a mild recession or a hard landing with many of layoffs and bankruptcys.