Institution: The Fed's rate cut magnitude is not key; the fragile balance of the labor market is the core

ChainCatcher news, according to Jinshi reports, investment management company Payden & Rygel stated that whether the Federal Reserve will cut interest rates by 25 basis points or 50 basis points this week is just a "minor disagreement." Analysts pointed out that the key lies in the current labor market being in a fragile balance, which needs to avoid collapsing. The company expects the federal funds rate to gradually approach 3% in the next 12-15 months, while the current target range set by the Federal Reserve is 4.25%-4.5%.