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Stock impact report

March inflation report to offer first glimpse of Iran war's economic impact [MSNBC.com]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: MSNBC.com
The U.S. is about to get an initial glimpse into how the economy has begun absorbing the war with Iran.The Bureau of Labor Statistics will release March’s Consumer Price Index report Friday, detailing last month’s inflation. Wall Street analysts expect it to remain elevated.“Inflation remains a challenge,” Seema Shah, chief global strategist at Principal Asset Management financial group, wrote in a note to clients Wednesday. “Although it has trended lower, inflation has held above the Federal Reserve’s 2% target for five years and is now confronting a new shock.”Forecasters expect that so-called core inflation, which excludes food and energy, will climb to 2.7% on the year, up from 2.5%. When food and energy prices are included, annual inflation most likely climbed 3.3%, forecasters said.The U.S. conflict with Iran has already sent prices evenas global markets continue to grapple with shortages of key commodities out of the Middle EastGasoline prices surged to their highest levels las Show less Read more
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