JPMorgan: Don't expect too much from the Fed's rate cut

Odaily Planet Daily News David Kelly, chief global strategist at JPMorgan Asset Management, said the Federal Reserve may keep interest rates unchanged until the end of this year. He pointed out that if inflation is expected to rise due to tariffs, it will 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." "Now, don't hold your breath waiting for low interest rates from the Federal Reserve, because they don't seem to have any intention of providing low interest rates." (Jinshi)