— U.S. annualized inflation hit 2.3% in April, less than expected and lowest since 2021.
— U.S. consumer sentiment slid to second-lowest level on record as inflation expectations jumped after tariff announcements.
— The U.S.-China trade war has greatly increased volatility and risk within the global supply chain, per a new survey.
— Oil prices fell after the Trump administration raised probability of a U.S.-Iran nuclear deal.
— Congressional Republicans launched a plan to scrap Biden era green energy tax credits.
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