David Kelly, chief global strategist at JPMorgan Asset Management, says there’s a good chance that May “will actually turn out to be the high-water mark for inflation in this cycle” as he examines what the CPI report means for Federal Reserve policy at the June meeting.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-06-10/fed-safest-to-do-nothing-here-jpmorgan-s-david-kelly-video)