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JPMorgan strategist: The Federal Reserve (FED) may maintain interest rates unchanged this year, inflation may rise due to tariffs until 2026.
On June 19, David Kelly, Chief Global Strategist at JPMorgan Asset Management, said that the Federal Reserve (FED) may maintain the Intrerest Rate unchanged before the end of this year.
He pointed out 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 offer us some lower Interest Rates. Right now, don’t hold your breath waiting for The Federal Reserve (FED) to lower interest rates, as they seem to have no intention of providing lower rates.”