Fed Shouldn’t Do a 50Bps Rate Hike, JPM’s Kelly Says

David Kelly, chief global strategist at JPMorgan Asset Management, explains why a half-point rate hike by the Federal Reserve is not needed next month, following a higher-than-expected rise in the US consumer price index. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

David Kelly, chief global strategist at JPMorgan Asset Management, explains why a half-point rate hike by the Federal Reserve is not needed next month, following a higher-than-expected rise in the US consumer price index. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)