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It’s Time to Hedge Against U.S. Inflation, BlackRock’s Chaudhuri Says
BlackRock’s Gargi Chaudhuri expects Friday’s inflation reading to exceed Wall Street’s estimates, while advising investors to hedge against higher prices. “We’re probably going to get something that’s a little bit stronger than what the market is pricing in,” the firm’s head of iShares Americas investment strategy said in an interview on Bloomberg TV’s Surveillance on Thursday. “I am looking forward to seeing more strength in some of the goods parts of the market, as well as services such as shelter inflation.” Inflation is running at the highest levels in decades, and government data due Friday ... (full story)
