UBS’s Draho Says May Inflation May Mark Peak as Energy Prices Ease

Jason Draho, head of asset allocation at UBS Chief Investment Office, said May’s inflation print may be the peak for the year-over-year measure. According to Bloomberg, Draho said oil flows and energy prices are not expected to return to normal immediately after a deal between the US and Iran goes into effect, but as energy prices fall, inflation should level out and then dissipate.