According to PANews, investment banking consulting firm Evercore ISI believes that market concerns about the Fed's reduction in interest rate cuts are exaggerated. As the Fed wants to maintain a strong labor market, there are strong reasons to support the Fed to further cut interest rates twice this year.

Evercore ISI analysts said in a report on Friday that although rate cuts are not necessarily set in stone, market volatility about Fed rate cuts in November and December is exaggerated. At present, a rate cut in November is very certain, and a rate cut in December is also very likely.

Next week, the Fed's Beige Book is the biggest event. In addition, many Fed policymakers will also speak, which may increase market volatility. Evercore ISI believes that the Fed is unlikely to be swayed by recent data because its primary goal is to bring interest rates back to a more neutral level to maintain a strong labor market while inflation returns to target levels.