David Kelly at JPMorgan Asset Management said President-elect Donald Trump's aggressive tariff plans could weigh on the global economy and put upward pressure on US inflation. "The initial smoke signals are that the tariffs will be very aggressive," Kelly, chief global market strategist at JPMorgan Asset Management, said on Wednesday, adding that "competing tariffs will make the world poorer".
The Fed could pause its easing cycle as early as December if Mr. Trump wins the US election this week, according to David Kelly, an analyst at JPMorgan. Mr. Kelly believes Mr. Trump's expansionary fiscal policy plans will push up inflation and stop interest rates from falling. "If Trump wins the election then he will be more expansionary in fiscal policy, potentially triggering a trade war, deficits will widen and interest rates will rise," he said. Mr. Kelly also said the Fed would almost certa...
摩根大通分析师DavidKelly表示,如果特朗普本周赢得美国大选,美联储最早可能在12月暂停其宽松周期。Kelly认为,特朗普的扩张性财政政策计划将推高通胀并阻止利率下降。他表示,“如果特朗普赢得大选,那么他将会采取更加扩张性的财政政策,可能引发贸易战,赤字将扩大,利率也将上升。”Kelly还表示,美联储几乎肯定会在周五利率决策中降息25个基点,即使选举在此...
David Kelly, global chief strategist at JPMorgan Asset Management, said the Fed should cut interest rates by 25 basis points on Wednesday rather than the 50 basis points some market participants had called for to avoid investors panicking about the state of the US economy. He said the Fed had been wrong to keep rates high for so long. "But when they cut rates, they need to be gentle because they don't want people to think they are panicking," Kelly added.