According to Jinshi Data, U.S. interest rate strategist Ira Jersey said that the Federal Reserve will not cut interest rates until the weak job market and tariff-related inflation concerns subside. Once the interest rate is cut, it will be radical.
The market may have mispriced the timing of rate cuts, but may have correctly priced the magnitude of the cuts. We think the Fed is likely to start cutting rates by the end of the year and quickly cut them to 3%.