Story perspectives
JPMorgan warns stocks could swing sharply after July CPI
8/10/2026
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Story summary
- JPMorgan warns U.S. stocks could swing sharply on Wednesday after July's CPI reading.
- Dow Jones poll expects headline CPI up 0.1% in July and core CPI to rise 0.2% MoM and 2.5% YoY.
- JPMorgan says a 5% chance S&P 500 falls 1.5%-2.5% if core CPI exceeds 0.3% MoM, 5% chance it rises 1%-2% if below 0.15% MoM, while CME FedWatch shows a 52% chance of September Federal Reserve (Fed) rate hike.
