Investors are obsessed with US inflation clues
Analysts will be scrutinising every word of Fed’s statement due on Wednesday
15 June 2021 - 18:30
New York — From lumber prices to wages and inventories, reading the clues around US inflation has turned into an investor obsession.
The combination of supply bottlenecks from the reopening of the global economy and the resumption of economic growth sent May consumer prices up by the largest annual jump in nearly 13 years. Employers are raising wages as they compete for scarce workers while retailers have limited inventories because of shipping and production delays...
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