JPMorgan: Don't Have Too High Expectations for the Fed to Cut Rates

ChainCatcher news, according to Jinshi reports, David Kelly, Chief Global Strategist at JPMorgan Asset Management, said that the Federal Reserve may keep interest rates unchanged by the end of this year. He pointed out that if inflation is expected to rise due to tariffs, it may not subside until 2026. "By the end of next year, the economy should cool down. Inflation should cool down, and maybe they will give us some lower interest rates." "Right now, don't hold your breath waiting for the Fed's low rates, as they seem to have no intention of providing low rates."