May Inflation Data Might Be Peak as US-Iran Make Deal, Says Jason Draho

Jason Draho, head of asset allocation at UBS Chief Investment Office, said that even though oil flows and energy prices aren't expect to drop back to normal right after a deal between the US and Iran does into effect, May's inflation print may be the peak for year over year measure. Draho said that as energy prices go lower, inflation will start to level out and then dissipate. (Source: Bloomberg)