BlackRock: The Federal Reserve is also expected to cut interest rates in 2025
2024-10-04 13:57:07
BlackRock global fixed income chief investment officer rick riederdesk3cryptocurrencydesktopCrypto News
Rick Rieder, chief investment officer for global fixed income at BlackRock, said the Fed will cut interest rates by another 25 basis points this year, in part 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. (Golden Ten)
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