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JPMorgan’s Kelly Sees Stocks Returning to All-Time Highs in Three Years

“It’ll take a while to get inflation back down to 2%, but so long as we are making progress in that direction, there is no need to tip this economy into a recession,” Kelly said. “If you have a period where inflation is slowly coming down, the economy is trudging along but you’re able to maintain margins, I think it’s a pretty good outlook for the equity market.”

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