US Inflation Preview: Experts Anticipate Both Disinflation Progress And Potential Surprises
Portfolio Pulse from Piero Cingari
The U.S. inflation report by the Bureau of Labor Statistics is expected to show a continuation of the disinflation trend in July, with a potential surprise due to the base effect. Bloomberg economists predict the annual CPI rate to rise from 3% to 3.3% in July, with core inflation remaining steady at 4.8% year-over-year. BNP Paribas and J.P. Morgan Chase & Co. (NYSE:JPM) also provided their projections, with both expecting a slight uptick in inflation.
August 08, 2023 | 4:58 pm
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J.P. Morgan Chase & Co.'s chief U.S. economist Michael Feroli suggests the CPI index might witness a 0.2% rise in July, culminating in a 3.3% annual increase.
The inflation report is a key economic indicator that can influence market sentiment and monetary policy decisions. As such, the predictions made by J.P. Morgan's chief economist could impact the bank's reputation and credibility in the market. However, it's uncertain how this will directly affect JPM's stock price in the short term.
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