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SoSo Macro | US April Core CPI Beats Forecasts; CLARITY Act Heads for Formal Vote

CITIC Securities: The risk of a second inflation wave in the US is low, and high oil prices limit the potential for inflation to decline.

Wall Street Breakfast | May 13, 2026.

US inflation accelerated in April due to rising gasoline and grocery costs driven by the US-Israel war with Iran, surpassing wage growth in a double-whammy for already strained consumers.