Viewpoint: The Fed's interest rate cut is not the key, and the fragile balance of labor market is the core
Source: BlockBeats
Time: 2025-09-15 14:34:08
According to BlockBeats, on September 15, investment management company Payden & Rygel said that the Fed's 25 basis points cut rate this week or 50 basis points is just a "secondary divergence". The key is that the current labor market is in a fragile equilibrium - which is very different from the situation in 2024. To avoid a balance collapse, the Fed should "promote interest rate cuts as soon as possible" as suggested by Director Waller in his recent speech. Payden & Rygel's economic outlook for the next 12-15 months shows that the federal funds rate should gradually approach 3%, and the current target range of the Federal Reserve sets the Federal Reserve's federal funds rate is 4.25%-4.50%. (Jin Shi)