JPMorgan Chase: Fed May Resort to "Dangerous Logic" of Rate Cuts, Which Would Exacerbate Inflation
BlockBeats News, August 12th: David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, stated that the Federal Reserve may take preemptive rate cuts as a "dangerous logic," which would exacerbate inflation. Investors should diversify their investments into alternative assets and international assets such as gold to protect their equity. J.P. Morgan predicts that by the first quarter of 2026, the price of gold will reach $4,000 per ounce.
A series of economic data will be released on Tuesday, including the July CPI. As the labor market cools down, this index will provide an opportunity to assess the impact of tariffs on inflation. Some institutional economists state that this data will be crucial to determining whether the Fed will cut rates in September.
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