BlockBeats news, August 12, David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that the Federal Reserve may adopt a 'dangerous logic' of preemptive interest rate cuts, which will exacerbate inflation. Investors need to diversify into alternative and international assets such as gold to protect their interests. JPMorgan expects gold prices to reach $4,000 per ounce by the first quarter of 2026.
A series of economic data will be released on Tuesday, including the July CPI. As the labor market cools, this index will provide an opportunity to examine the impact of tariffs on inflation. Institutional economists say that this data will be crucial for the Federal Reserve's decision on whether to cut interest rates in September.