Trump and Xi Seek to Steady Volatile Relationship

The report previews the upcoming US-China summit in Beijing and predicts a significant spike in April US CPI inflation driven by energy costs.

Key Takeaways

• 1.The upcoming US-China summit (14-15 May) in Beijing is expected to produce a 'controlled détente' rather than a major breakthrough, focusing on managing trade and security risks.
• 2.US April CPI inflation is projected to rise sharply to 3.6% YoY, driven primarily by a 12% monthly surge in gasoline prices.
• 3.Core US inflation is also expected to rebound to 0.3% MoM in April as supply chain disruptions and higher jet fuel costs impact airfares and core goods.

Table of Contents

• TOP STORIES OF THE UPCOMING WEEK
• US CPI inflation to rise sharply again
• QUOTE OF THE WEEK*
• WHAT WE ARE READING
• DATA AND EVENTS CALENDAR
• FORECAST TABLES
• IN CASE YOU MISSED IT THIS WEEK
• Authors
• Editors
• Legal Notices

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