In this conversation, J.P. Morgan Research analysts Phoebe White and Dan Silver discuss the June CPI report released this week, their outlook for US inflation over the medium term, and implications for various inflation hedging strategies.

This podcast was recorded on July 14, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at www.jpmm.com/research/content/GPS-3428163-0 0  andwww.jpmm.com/research/content/GPS-3425399-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Core CPI moves past its weak streak.” © 2020 JPMorgan Chase & Co. All rights reserved.