CPI Prep: Tariffs in Focus Despite 90-Day Truce
GS, JPM, BOA Analysis
Housekeeping: Good Morning
Overview
The April CPI release is this morning, but its relevance has been diminished by the temporary de-escalation of the U.S.–China trade conflict. With a 90-day tariff rollback amounting to a net 115% cut, short-term inflation readings may not reflect forward-looking conditions.