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Goldman Sachs partner John Flood warns that if US inflation data from March prints above the previous month's reading of 6%, expect the S&P 500 to drop at least 2%. However, stocks are likely to go higher if the consumer price index climbs at a rate of 5.1% or slower. Economists expect a year-over-year headline rate of 5.1%, which would be the slowest pace since May.
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