Strategist sees no relief from inflation 'anytime soon'

STORY: The U.S. Labor Department's inflation report on Friday showed a steeper-than-expected increase in May, fueling investor worries about a more aggressive Federal Reserve.

"I don't think you're really going to get to see a whole lot of relief on the inflation side anytime soon," said Konstantinos.

Year-on-year, CPI surged 8.6%, its biggest gain since 1981.

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