According to ChainCatcher and Jin Shi, Trump has recently intensified his trade rhetoric, increasing the uncertainty of future inflation on the Federal Reserve's policy trajectory.
JPMorgan Global Research has revised its economic forecast, currently predicting: US GDP growth in 2025 will be 1.3% (downgraded by 0.2% from previous expectations), PCE price inflation will be 2.7% (upgraded by 0.2% from previous expectations), and core PCE price inflation will be 3.1% (upgraded by 0.3% from previous expectations).




