On May 2, according to Jinshi, U.S. interest rate strategist Ira Jersey stated that the Federal Reserve (Fed) will wait until the labor market weakens and concerns about inflation related to tariffs pass before cutting interest rates. When cuts occur, the move will be very decisive.
The market may have misjudged the timing of the rate cut, but the magnitude of the rate reduction may have been priced in accurately. It is predicted that the Fed could lower the interest rate to 3%, but this will begin at the end of this year and be implemented quickly.
In addition, Nick Timiraos pointed out that the April jobs report reduces the likelihood of a rate cut in June, as there is only one more jobs report before that time. Currently, the Fed does not need to make a statement for the upcoming June meeting.
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Comment: The market misprices the timing of the Fed's rate cut.
Federal Reserve Interest Rate Strategy
On May 2, according to Jinshi, U.S. interest rate strategist Ira Jersey stated that the Federal Reserve (Fed) will wait until the labor market weakens and concerns about inflation related to tariffs pass before cutting interest rates. When cuts occur, the move will be very decisive.
The market may have misjudged the timing of the rate cut, but the magnitude of the rate reduction may have been priced in accurately. It is predicted that the Fed could lower the interest rate to 3%, but this will begin at the end of this year and be implemented quickly.
In addition, Nick Timiraos pointed out that the April jobs report reduces the likelihood of a rate cut in June, as there is only one more jobs report before that time. Currently, the Fed does not need to make a statement for the upcoming June meeting.
This content is for market informational purposes only and is not investment advice.
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!