[BlackRock: The Fed is unlikely to cut interest rates quickly] Golden Finance reported that BlackRock strategists said in a report that the Fed is less likely to cut interest rates quickly as the economic growth outlook remains stable. They said: "We believe that by early 2025, the Fed has room to cut interest rates to 3.5% or slightly higher." BlackRock said that the minutes of the Fed's September meeting also showed that interest rates will be cut gradually. "We look forward to monetary policy normalization, not monetary policy easing.