US CPI Preview: JPMorgan Raises Future Inflation Forecast

According to a report by Jinse Finance, Trump has recently intensified his rhetoric on trade, increasing uncertainty about the future trajectory of Federal Reserve policy due to potential inflation. JPMorgan Global Research has revised its economic forecasts and now expects: U.S. GDP growth in 2025 to be 1.3% (down 0.2% from previous estimates), PCE price inflation to be 2.7% (up 0.2% from previous estimates), and core PCE price inflation to be 3.1% (up 0.3% from previous estimates). (Jin10)