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The US inflation report for May is widely expected to show further acceleration in consumer prices but there is a risk that it and upcoming inflation readings will be lower than expected, disrupting consensus trades and sending investors scurrying out of inflation hedges, according to Morgan Stanley. Worries about runaway inflation have led to a breakneck pace of inflows to exchange-traded funds that invest in Treasury Inflation-Protected Securities, the investment bank said in a note published Monday. April’s inflation print of 4.2% was the highest since 2008 and May’s reading, due Thursday, may quicken to 4.6%, according to an Econoday consensus estimate.
...read full article on Business Insider
