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

Planet Daily News: Morgan Stanley Asset Management's Chief Global Strategist David Kelly said that the Federal Reserve might maintain interest rates unchanged by the end of this year. He pointed out that if inflation is expected to rise due to tariffs, it may not subside until 2026. "By the end of next year, the economy should cool down. Inflation should cool down, and perhaps they will give us some lower interest rates." "Right now, do not hold your breath waiting for the Federal Reserve's low interest rates, because they seem to have no intention of providing low interest rates." (Jinshi)