JPMorgan Warns of Tariff Impact on US Inflation

JPMorgan highlights potential risks to the U.S. core CPI due to tariff pressures and their impact on inflation, even as it anticipates a hotter July inflation data release. The bank predicts near-term tariff effects will increase headline inflation while certain CPI components could pose downside risks for U.S. core CPI in the second half of 2025. This prediction comes amidst evolving economic pressures that are influencing inflation postures.