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BlackRock: Middle East war will drive up U.S. March inflation
ME News, April 7 (UTC+8): BlackRock strategists stated 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 generally expect the U.S. March CPI annual rate (not seasonally adjusted) to rise from 2.4% in February to 3.3%. The strategists said that the Middle East war has caused supply chain bottlenecks, which are expected to push inflation higher. (Jin10) (Source: ODAILY)