Nov 20th, 2025
Not All Tariffs Costs Have Passed Through: JPM's Feroli
Michael Feroli, chief US economist at JPMorgan Securities, says a December rate cut will be a “very close call.” He tells Romaine Bostick and Katie Greifeld on “The Close” that tariff-related price pressures likely haven’t fully passed through and core inflation may stay in the upper-2% range longer than the Fed would prefer.
