Intensifying conflict in the Middle East, stemming from Israel’s war on Hamas, is giving rise to concerns by traders and investors about the possibility of a second wave in U.S. inflation that hasn’t been fully factored into the financial market.Oil prices settled almost 6% higher on Friday, or by more than the moves seen on Monday, amid fears of a ground assault on Gaza by Israel. Investors flocked to safety of long-dated U.S. government debt for the third time in the past week, and U.S. stocks finished mostly lower on Friday. However, inflation traders largely stuck by their previous expectations for the annual headline…
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