BlackRock warns of energy shock as May CPI is set to show acceleration in inflation

BlackRock is closely watching Wednesday's CPI as an early test of how U.S.-Iran tensions are feeding into already elevated prices in the economy.

BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky prices.

"We look to May U.S. inflation figures for a clearer read on how the Mideast conflict…