PANews reported on September 17 that, according to Jin10, David Kelly, chief global strategist for JPMorgan Asset Management, said that the Federal Reserve's interest rate decision this week may not address a core issue facing the market: how many times the Fed is expected to cut rates for the rest of the year. When Fed officials last released their forecasts, they expected only a 25-basis-point rate cut in 2024. But even if the Fed's new forecast is adjusted to include two rate cuts this year, it would still fall far short of trader expectations. Kelly pointed out that futures market pricing basically reflects that the Fed will cut rates by a full 100 basis points or more by the end of December. The actual policy path will depend on employment and inflation data released before the next meetings in November and December.