TechFlow, Sept. 15 — According to Jinshi Data, investment management firm Payden & Rygel stated that whether the Fed cuts rates by 25 or 50 basis points this week is merely a "minor disagreement." Analysts pointed out that the key lies in the current labor market being in a fragile balance—distinctly different from the situation in 2024.
They said: "To avoid a collapse of this balance, the Fed should move forward with rate cuts 'as soon as possible,' as recently suggested by Governor Waller." The firm's economic outlook for the next 12–15 months indicates that the federal funds rate should gradually approach 3%. Currently, the Fed's target range for the federal funds rate is set at 4.25%–4.50%.
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