JPM's Feroli: Inflation Going in Wrong Direction
Market Intelligence Analysis
AI-PoweredJPMorgan's Chief US Economist Michael Feroli suggests that US inflation may be increasing, contradicting previous expectations, based on the latest services sector data and core PCE metrics.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
JPMorgan Chief US Economist Michael Feroli breaks down the latest US services sector data and hints that, based on the core PCE, inflation may be heading in the wrong direction. He talks with Katie Greifeld and Romaine Bostick on "The Close." (Source: Bloomberg)
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