Trump's Trade Rhetoric Intensifies Uncertainty in Fed Policy

According to BlockBeats, U.S. President Donald Trump has recently intensified his trade rhetoric, increasing uncertainty about the future trajectory of Federal Reserve policy amid inflation concerns. In response, JPMorgan Global Research has revised its economic forecasts. The firm now projects the U.S. GDP growth rate for 2025 to be 1.3%, a decrease of 0.2% from previous estimates. Additionally, the PCE price inflation is expected to rise to 2.7%, up by 0.2%, while core PCE price inflation is anticipated to reach 3.1%, an increase of 0.3% from earlier predictions.