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

Odaily News David Kelly, chief global strategist at JPMorgan Asset Management, said the Fed will probably keep interest rates unchanged through the end of the year. He noted 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." "Right now, don't hold your breath waiting for low interest rates from the Fed, because they don't seem to have any intention of providing low interest rates." (Jinshi)