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'Teflon' Inflation Won't Stick, JPMorgan's Kelly Says
Posted
August 12, 2026
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5:41Now PlayingDavid Kelly, JPMorgan Asset Management's chief global strategist, sees a disinflation trend in the US stemming from lower tariff costs and oil eventually flowing out of the Strait of Hormuz. Speaking on "Bloomberg Surveillance," Kelly also says the Federal Reserve is on the wrong track signaling that they are going to communicate less.
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