Senator Elizabeth Warren, along with two other Democratic senators, called for the Fed to cut interest rates by 0.75 percent to protect the U.S. economy from a possible recession.
They argue that aggressive cuts are needed to support the labor market and prevent further economic risk.
BlackRock, on the other hand, says the Fed's interest rate cuts will be smaller than expected, citing the strong economy and ongoing inflation.
While markets expect deep cuts, BlackRock argues that recession fears are exaggerated and that there is no need for a major cut.
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