Federal Reserve Eyes Aggressive Rate Cuts by Year-End

The Federal Reserve is exploring a possible aggressive cut to interest rates, potentially reaching 3% by the end of 2023. Market reactions are anticipated as this move could have significant impacts on financial markets. Ira Jersey, a US interest rate strategist, has suggested that cuts may begin after assessing job market stability and inflation concerns. He anticipates these cuts will be substantial and reach 3%. This potential change in monetary policy is creating buzz among investors who might misjudged the timing of the anticipated cuts.