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, noting 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 interest rates. For now, don't hold your breath waiting for the Fed's low interest rates, because they don't seem to have any intention of offering them. (Golden Ten)
Xiao Mo: Don't expect too much from the Federal Reserve to cut interest rates
2025-06-19 11:57:40
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