Odds of A 50bp Fed Rate Cut: JPM's David Kelly

David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, says September will be one of the most important Fed meetings in years. He tells Vonnie Quinn and Caroline Hyde on “The Close” that Powell “really doesn’t want to cut in September, October, and December,” adding that the impact of tariffs won’t be clear until next spring. (Source: Bloomberg)

Source: Bloomberg Markets.