According to Odaily Planet Daily, investment management firm Payden & Rygel stated that whether the Federal Reserve cuts interest rates by 25 basis points or 50 basis points this week is only a "minor disagreement." Its analysts pointed out that the key is that the current labor market is in a fragile equilibrium - which is completely different from the situation in 2024. They said: "To avoid a collapse of this equilibrium, the Federal Reserve should 'promote rate cuts as soon as possible' as suggested by Governor Waller in his recent speech." The company's economic outlook for the next 12-15 months indicates that the federal funds rate should gradually approach 3%. The current target range for the federal funds rate set by the Federal Reserve is 4.25%-4.50%. (Jinshi)