JP Morgan: Don't Get Your Hopes Up for Fed Rate Cuts

BlockBeats News, June 19, JPMorgan Asset Management's Chief Global Strategist David Kelly said 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 fade 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 for the Fed's low rates, as they seem to have no intention of providing low rates." (FX168)