Inflation in the US is now up to levels that were last seen after $4 trillion in pandemic stimulus was handed out for "free." The worst part? Most Americans have no idea that it is happening. The Kobeissi Letter: BREAKING: May PPI Inflation surges to 6.5%, above expectations of 6.4% and the highest level since November 2022. Core PPI Inflation came in at 4.9%, in-line with April's revised levels. PPI inflation is now at pandemic stimulus levels. Odds of rate HIKES continue to rise.