Inflation is more complex than markets believe


An aerial daytime view of a container ship on The Solent Sea, U.K.

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Inflation is proving more complex than it seemed at first. But markets still believe in a straightforward disinflationary path.

What you need to know today

If Tuesday’s consumer price index report comes hotter than expected, the S&P 500 could plummet up to 3%, according to JPMorgan’s sales and trading desk.

The bottom line


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