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

Recently, Trump has increased the intensity of his trade rhetoric, exacerbating the uncertainty of future inflation on the trajectory of the Fed's policies. JPMorgan Global Research has revised its economic forecast, currently predicting that in 2025, the GDP growth rate of the United States will be 1.3%, PCE price inflation will be 2.7%, and core PCE price inflation will be 3.1%.