Schaftlein Report - Inflation Moderates Slightly

Headline - Inflation Moderates Slightly

1) Core CPI rose 5.6% excluding food and energy up 5.0%

1A) Core PPI declined .5% in March excluding food and energy it was down .1%

1B) Egg prices declined 11% in March however rents were up 18% over the past 2 years

1C) Federal Reserve expects a mild recession due to bank failures later this year

1D) American consumers purchased $788B in Chinese goods primarily cell phones last year

1E) 50% of office buildings are vacant in 10 largest cities. @M people left large cities during 2020 to 2022. We've been telling you this.

2) Biden EV goals by 2035 unrealistic according to industry experts

3) In Politics, Sen. Tim Scott announces an Exploratory Committee for potential Presidential race

3A) Gov. DeSantis announces plans to be in Washington D.C. on 4-18 to meet high ranking Republican leaders

3B) Sen Feinstein who is 89 has Shingles and has missed 60 major votes since February and has asked to be relieved of committee assignments.

3C) With Sen. Fetterman's health issues the Senate is 49-49 at times

3D) RFK Jr. is getting 10% support among Democratic primary voters

3E) Democrats have become the party of cultural elites and perceived intellectuals representing the wealthiest congressional districts and have little in common with
non college educated working class people

4) To no surprise, the Biden administration was involved in the Mar a Lago raid.

5) Former Obama official claims Biden involved in kickback schemes with Hunter. FBI stalls on the subject.

6) Victor Davis Hanson chronicles Biden foreign policy failures