Inflation isn't going to slow anytime soon, even if the Iran cease-fire holds. Here's why.

The ceasefire with Iran has pushed oil prices lower, but the economic cost of the conflict is likely to appear in the monthly consumer-price readout due Friday. That CPI snapshot is expected to reinforce persistent inflationary pressures and sustain hawkish rate expectations, keeping markets in a risk-off posture.

Analysis

The ceasefire with Iran has pushed oil prices lower, but the economic cost of the conflict is likely to appear in the monthly consumer-price readout due Friday. That CPI snapshot is expected to reinforce persistent inflationary pressures and sustain hawkish rate expectations, keeping markets in a risk-off posture.