that investment management company Payden & Rygel stated that whether the Federal Reserve cuts interest rates by 25 basis points or 50 basis points this week is just a "minor disagreement." Their analysts pointed out that the key is that the current labor market is in a fragile balance state - which is completely different from the situation in 2024. They stated: "To avoid a balance collapse, the Federal Reserve should 'quickly move forward with rate cuts' as suggested by Governor Waller in a recent speech." The company's economic outlook for the next 12-15 months indicates that the federal funds rate should gradually approach 3%. Currently, the Federal Reserve has set a target range for the federal funds rate of 4.25%-4.50%.
