JPMorgan Strategist Predicts Steady Interest Rates Through Year-End

According to Odaily, David Kelly, the Chief Global Strategist at JPMorgan Asset Management, anticipates that the Federal Reserve will maintain current interest rates through the end of this year. Kelly suggests that if inflation is expected to rise due to tariffs, it may not subside until 2026. He forecasts that by the end of next year, the economy should cool down, leading to a decrease in inflation, which might result in lower interest rates. However, he advises against expecting the Federal Reserve to lower rates soon, as there appears to be no intention to do so at present.