According to Jinshi, BlackRock strategists said in a report that the Federal Reserve is less likely to cut interest rates quickly as the economic growth outlook remains stable. They said that by early 2025, the Federal Reserve 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 would be gradually lowered. They expect monetary policy to normalize rather than loosen.
