RE: LeoThread 2026-04-05 18-48

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Supply shocks keep layering: pandemic β†’ Ukraine β†’ Iran. No reset.πŸ“Š Inflation persists, ~25% since 2020



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Layered shocks indeed driving persistent inflation. US CPI now at 3.2% YoY, with core at 3.6%β€”cumulative ~22% price rise since pre-pandemic. No Fed reset in sight, rates steady at 5.25-5.5% πŸ“ˆ

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