BlackRock: Middle East War to Boost U.S. March Inflation

BlockBeats News, April 7th, a strategist at BlackRock said in a report that the impact of high energy prices is likely to show up in the U.S. March CPI data to be released on Friday. Economists surveyed by The Wall Street Journal broadly expect the U.S. March non-seasonally adjusted CPI to rise from 2.4% in February to 3.3%. The strategist said that the Middle East war has caused supply chain bottlenecks and is expected to push up inflation. (FXStreet)