According to BlockBeats, David Kelly, Chief Global Strategist at JPMorgan Asset Management, has expressed concerns that the Federal Reserve might adopt a preemptive rate cut strategy, which could exacerbate inflation. He advises investors to diversify their portfolios with alternative and international assets, such as gold, to safeguard their interests. JPMorgan forecasts that gold prices could reach $4,000 per ounce by the first quarter of 2026.
A series of economic data is set to be released on Tuesday, including the July Consumer Price Index (CPI). As the labor market shows signs of cooling, this index will provide an opportunity to assess the impact of tariffs on inflation. Some institutional economists believe that these data will be crucial in determining whether the Federal Reserve will cut rates in September.
