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

David Kelly, chief global strategist at JPMorgan Asset Management, said the Federal Reserve may maintain interest rates unchanged by the end of this year. He pointed out that if inflation is expected to rise due to tariffs, it will 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 rates. Now, don't hold your breath waiting for the Fed's low rates, because they don't seem to have any intention of providing low rates.