JPMorgan Chase: The Federal Reserve may leave interest rates unchanged until the end of this year

David Kelly, chief global strategist at JPMorgan Asset Management, said the Fed is likely to keep rates on hold until the end of the year. He noted that if inflation is expected to rise as a result of tariffs, it won't subside until 2026. "By the end of next year, the economy should cool down. Inflation should cool down, and maybe they'll give us some lower rates." "Right now, don't hold your breath waiting for the Fed's low rates because they don't seem to have any intention of offering low rates."