PANews reported on October 4 that according to Jinshi, Rick Rieder, chief investment officer of global fixed income at BlackRock, said that the Federal Reserve will implement two more 25 basis point interest rate cuts this year, partly to ease the burden on a large number of people who are suffering from high borrowing costs. But he also believes that the Fed will continue to cut interest rates until 2025 because interest rates are still too high relative to inflation levels.