Xiao Mo: Do not have too high expectations for the Federal Reserve to cut interest rates.

David Kelly, chief global strategist at J.P. Morgan Asset Management, said the Federal Reserve may maintain interest rates unchanged until 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, maybe they will give us some lower interest rates." "Right now, don't hold your breath waiting for low interest rates from the Federal Reserve, as they don't seem to have any intention of providing lower rates."