JPMorgan warns Fed to cut interest rates or exacerbate inflation

David Kelly, Chief Global Strategist at JPMorgan, stated that the Federal Reserve may take preemptive interest rate cuts, which could exacerbate inflation. He suggested that investors diversify their investments into alternative assets such as gold. JPMorgan expects gold prices to reach $4000 per ounce by 2026. In addition, economic data such as July CPI will be released on Tuesday, which is crucial for whether the Federal Reserve will cut interest rates in September.