
The Kobeissi Letter|May 12, 2026 12:35
BREAKING: April CPI inflation rises to 3.8%, its highest level since May 2023.
Core CPI inflation also rose to 2.8%, above expectations of 2.7%.
We are now experiencing post-pandemic inflation levels amid surging oil prices.
Odds of Fed rate HIKES are surging.(The Kobeissi Letter)