# Jobless

𝐂𝐏𝐈 𝐖𝐄𝐄𝐊 𝐂𝐎𝐔𝐋𝐃 𝐒𝐇𝐀𝐊𝐄 𝐄𝐕𝐄𝐑𝐘 𝐌𝐀𝐑𝐊𝐄𝐓
This week revolves around one number:
U.S. CPI.
🔹 April inflation data arrives Tuesday.
🔹 Energy shock pressure from the Iran conflict enters the data for the first time.
🔹 Markets are preparing for hotter inflation expectations.
At the same time, a major Fed transition begins.
Jerome Powell leaves on May 15.
Kevin Warsh steps in with inflation already heating up.
That collision could redefine market expectations instantly.
𝐌𝐎𝐍𝐃𝐀𝐘
🔹 Existing Home Sales
Housing activity remains under pressure from elevated mortgage rates.
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