US CPI outlook: JPMorgan Chase raises future inflation expectations
2025-07-15 06:42:03
Trump has recently ramped up his trade rhetoric, adding to uncertainty about future inflation on the Federal Reserve's policy trajectory. JPMorgan Global Research revised its economic forecasts and now expects U.S. GDP growth of 1.3% in 2025 (0.2% lower than previously expected), PCE price inflation of 2.7% (0.2% higher than previously expected), and core PCE price inflation of 3.1% (0.3% higher than previously expected). (Golden Ten)
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