Morgan Asset Management: The Federal Reserve may cut interest rates three times this year.

Kay Herr, Chief Investment Officer for Global Fixed Income, FX, and Commodities at J.P. Morgan Asset Management, believes that the market's expectations for the size of the Federal Reserve interest rate cuts this year are reasonable. Currently, the market expects the Fed to cut rates by around 25 basis points in September, and to cut a total of around 70 basis points by the end of the year. Herr said, "The market is currently expecting near three rate cuts, which feels reasonable."