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Traders and investors are bracing for a reading on consumer inflation on Wednesday that has the potential to exceed expectations, just as optimism over a global recovery is slipping away. The risk is that the upcoming round of inflation data damages market sentiment and reinforces views that the U.S. is heading into a stagflation-like environment after four straight months of strong year-over-year readings of 5% or higher, even if those elevated readings drop off at some point.
...read full article on Market Watch
