JP Morgan Prediction For US CPI Data

February 14, 2023

Story: Divya Sinha

The US CPI data is about to come, the JP Morgan team expects a big move in stock prices in either direction.

As per the reports, team of JPMorgan expects a decline to 6.2% in January from 6.5% in the prior month.

It predicts a 65% probability in the January CPI report that inflation between 6.0% and 6.3%, according to JP Morgan.

If it’s between 6.0% and 6.3%, then it expects the S&P 500 to rise between 1.5% and 2%.

The next most likely scenario with a 25% is between 6.4% and 6.5% and this will ultimately trigger a sell-off of up to 1.5% in the S&P 500.

The bank further analysed that there is a 5% probability of CPI being above 6.5% which will lead the S&P 500 down to 3%.

However, if it goes below 6.5% this will lead S&P 500 upto 3%.