Trading CPI

This note provides a trading desk preview of the July 2026 CPI, forecasting a headline MoM decline of 0.20%. It highlights a tactically bullish stance for equities, prioritizing upcoming earnings data over macro inflation signals.

Key Takeaways

• 1.J.P. Morgan's forecast for July 2026 CPI is Headline MoM at -0.20% and Core MoM at +0.22%.
• 2.The trading desk maintains a tactically bullish view, contingent on a non-hawkish CPI print.

Table of Contents

• J.P.Morgan | Data Assets & Alpha Group
• FEROLI ON CPI – full note is here

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