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U.S. CPI Outlook: JPMorgan Raises Future Inflation Expectations
Summary: According to Jinshi News, Trump's recent intensified trade rhetoric has increased uncertainty about future inflation and the Fed's policy trajectory. JPMorgan Global Research has revised its economic forecasts, now predicting: U.S. GDP growth rate in 2025 at 1.3% (down 0.2% from previous expectations), PCE price inflation at 2.7% (up 0.2% from previous expectations), and core ...
According to Jinshi News, Trump's recent intensified trade rhetoric has increased uncertainty about future inflation and the Fed's policy trajectory. JPMorgan Global Research has revised its economic forecasts, now predicting: U.S. GDP growth rate in 2025 at 1.3% (down 0.2% from previous expectations), PCE price inflation at 2.7% (up 0.2% from previous expectations), and core PCE price inflation at 3.1% (up 0.3% from previous expectations).
