The Kobeissi Letter argues inflation risk is rising because crude and CPI move together, projecting 3.5%+ CPI if WTI stays above $112 into April.
There is a near-perfect correlation between US oil prices and US CPI inflation
As WTI crude surges above $112/barrel, we believe the US economy is bracing for 3.5%+ CPI inflation
This finding is one of many signals tracked across Stock Market. The live feed updates every few hours with new expert voices, debates, and emerging ideas.
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