by Christine Idzelis
Market Watch
Signs of stagflation have “crept back” into U.S. economic data, with the upcoming inflation report this week potentially showing “the first real evidence of tariff-linked price pressures,” according to Barclays.
Barclays analysts said in a note Monday that they expect the May inflation reading from the consumer-price index on Wednesday will show “a slight pickup in core CPI,” which excludes food and energy prices. They expect the data will show that core CPI rose 0.27% in May on a month-over-month basis and climbed 2.9% year over year.