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Zacks rates Hormel Foods at sell, as fiscal Q1 results were hurt by inflation, supply chain issues, drab sales volumes; earnings have been under pressure by higher supply chain inefficiencies due to increased inventory levels, softness in snack nuts unit

UK inflation for food and non-alcoholic beverages rises to 18.2% in the 12 months through February, the highest level since 1977, according to government statistics

UK Consumer Prices Index rose by 9.2% in the 12 months to February, up from 8.8% in January; largest upward contributions came from housing and household services, and food and non-alcoholic beverages: ONS

UK Producer Price Inflation rose by 12.1% in the year to February, down from 13.5% in year to January; input prices increased by 12.7%, down from 14.7% in year to January: ONS

BofA survey finds 88% of fund managers expect stagflation to continue over next 12 months due in part to roadblocks that banking crises present for Fed; Morgan Stanley CIO says 'Fed is boxed in,' and recent events might better be addressed with a pause

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