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📝 Energy Adding Upside Risk To U.S. Inflation Forecast: J.P. Morgan

The risk of materially higher retail gasoline prices remains a threat to our view that calls for a sharper moderation in inflation over the balance of the year than what is priced by the market. Though, as our inflation strategists note, while energy could add upside risk to our inflation forecast, adverse growth implications of higher energy prices could ultimately limit the room for medium-term inflation expectations to rise significantly from current levels. - J.P. Morgan



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