The Federal Reserve may start aggressively cutting rates to 3% by the end of the year

According to Jin10 data, U.S. interest rate strategist Ira Jersey stated that the Federal Reserve will only cut rates after weakness in the labor market and concerns about tariff-related inflation have eased. Once rates are cut, it will be aggressive.

The market may have incorrectly priced the timing of the start of interest rate cuts, but the pricing of the magnitude of the cuts may be correct. We believe the Federal Reserve may start cutting rates by the end of this year and quickly bring it down to 3%.