U.S. CPI Outlook: JPMorgan Raises Future Inflation Expectations

BlockBeats News, July 15th, President Trump has recently intensified his trade rhetoric, increasing uncertainty about future inflation and the Federal Reserve's policy trajectory. JPMorgan Global Research has revised its economic forecast and now expects the following by 2025: U.S. GDP growth of 1.3% (downgraded by 0.2% from previous expectations), PCE Price Inflation of 2.7% (upgraded by 0.2% from previous expectations), and core PCE Price Inflation of 3.1% (upgraded by 0.3% from previous expectations). (FXStreet)