$TRUMP
Trump’s Trade Rhetoric Clouds Fed Outlook; JPMorgan Cuts U.S. Growth Forecast
Former President Donald Trump’s intensified trade rhetoric is amplifying uncertainty around the Federal Reserve’s policy direction amid ongoing inflation pressures, according to BlockBeats. In response, JPMorgan Global Research has revised its economic outlook:
U.S. GDP Growth (2025): Now forecast at 1.3%, down from 1.5%
PCE Inflation: Revised upward to 2.7%, from 2.5%
Core PCE Inflation: Now expected at 3.1%, up from 2.8%
These adjustments reflect growing concerns that trade-related tensions could add to inflationary pressures, complicating the Fed's path on interest rates.