Earnings Upgrades Stall Globally as Price-Growth Sags: Chart

The gears have shifted. Analysts have started trimming their expectations for corporate earnings, as gains in macro data may be peaking, according to JPMorgan Chase & Co. strategists, and a long-awaited rebound in inflation hasn’t materialized. The change, from months of positive revisions, coincides with central banks giving signs that they are ready to tighten liquidity.

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