BlackRock is closely watching Wednesday's CPI as an early test of how U.S.-Iran tensions are feeding into already elevated prices in the economy. BlackRock is focused on Wednesday’s May U.S. inflation report as an early test of how the U.S.-Iran conflict and related energy shock are feeding into already sticky prices. Economists expect the consumer price index to rise 4.2 percent year-over-year, the fastest pace since April 2023 and well above the Federal Reserve’s 2 percent target, raisin…
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