According to online reports, investment management firm Payden & Rygel said that whether the Federal Reserve cut interest rates by 25 basis points or 50 basis points this week is only a "minor disagreement." Analysts point out that the key is that the current labor market is in a fragile balance-a completely different situation from 2024. They said: "To avoid a balance collapse, the Fed should 'advance interest rate cuts as soon as possible' as Governor Waller suggested in a recent speech." The company's economic outlook for the next 12-15 months suggests 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%. (Jin Shi)