PANews reported on May 2 that according to Jinshi, US interest rate strategist Ira Jersey said that the Federal Reserve will wait until the job market falters and concerns about tariff-related inflation have passed before cutting interest rates. But once the rate cut occurs, it will be aggressive. The market may have mispriced the timing of the rate cut, but the rate cut may be priced correctly. We think the Fed may cut interest rates to 3%, but it will start at the end of this year and cut interest rates quickly. Earlier, "Federal Reserve mouthpiece" Nick Timiraos said that the April employment report made a rate cut in June less likely (although June is still a long way off) because there will only be one more employment report before then. For now, this means that the Fed does not have to say anything about the June meeting next week.