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The market focus is on the restart and inflation - and less on geopolitical risks - yet, it’s worth watching specific risks, as flareups could catch investors off guard.
Inflation expectations eased on lower oil and commodity prices. We expect volatile near-term data amid pent-up consumer demand and supply shortages.
Data are expected to show the U.S. personal consumption expenditure (PCE) price index rose 2.8% in April, above the Federal Reserve’s inflation target.