Oil prices have retreated as the U.S.-Iran war recedes, despite occasional skirmishes, but inflationary trends will continue to apply pressure from all sides.
That will keep Wall Street on high alert for rate hikes from the Federal Reserve, with policymakers growing impatient after five years of inflation exceeding their 2% target.
By the end of the year, investors see 85% odds that the central bank will raise rates at least once, with a nearly 50% chance that two hikes or more are likely.
Here’s a look at several factors in the inflation outlook.
‘Godzilla’
