The latest developments are a reminder that the return to normal still has a ways to go. In the US, core inflation bounced back in September—boosted by some of the stickier components. More broadly, the resilience in both inflation and growth is reinforcing the high-for-long stances of central banks even as financial and geopolitical shocks loom over the outlook.
Speakers:
Bruce Kasman
Joseph Lupton
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.