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Not All Tariffs Costs Have Passed Through: JPM's Feroli
Market Intelligence Analysis
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Why This Matters
JPM's chief US economist, Michael Feroli, believes a December rate cut is a 'very close call' due to potential tariff-related price pressures that may not have fully passed through to consumers, keeping core inflation in the upper-2% range.
Market Impact
Market impact analysis based on bearish sentiment with 65% confidence.
Sentiment
Bearish
AI Confidence
65%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Michael Feroli, chief US economist at JPMorgan Securities, says a December rate cut will be a “very close call.” He tells Romaine Bostick and Katie Greifeld on “The Close” that tariff-related price pressures likely haven’t fully passed through and core inflation may stay in the upper-2% range longer than the Fed would prefer. (Source: Bloomberg)
AI Breakdown
Summary
JPM's chief US economist, Michael Feroli, believes a December rate cut is a 'very close call' due to potential tariff-related price pressures that may not have fully passed through to consumers, keeping core inflation in the upper-2% range.
Market Impact
Market impact analysis based on bearish sentiment with 65% confidence.
Original article published by
Bloomberg
on November 21, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.