BlackRock: The Fed is expected to cut interest rates in 2025
According to a report by Gold Ten, Rick Rieder, BlackRock's Global Fixed Income Chief Investment Officer, stated that the Federal Reserve will carry out two more 25-basis-point rate cuts this year, partly to alleviate the burden on a large number of people who are suffering from high borrowing costs.
However, he also believes that the Federal Reserve will continue the rate cut actions until 2025, as interest rates are still too high relative to the level of inflation.
