An investment strategy analyst at asset management company ClearBridge Investments, Josh Jamner, stated that financial markets have already fully prepared for the expectation of the Federal Reserve cutting interest rates by more than 250 basis points by the end of 2025. This prediction is based on the recent CPI report, which showed that the bond market's reaction in the short term may be somewhat disappointing. Despite this, Jamner expects that the Fed will start implementing interest rate normalization measures next week, and emphasizes that further economic data might indicate that inflation could be more persistent than previously expected, potentially leading to a slowdown and a reduction in the rate-cutting process.