BlackRock: The Fed's rate cuts may continue until 2025
PANews reported on October 4 that according to Golden Ten, Rick Rieder, BlackRock's global fixed income chief investment officer, stated that the Federal Reserve will execute 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 to cut rates until 2025, as interest rates are still too high relative to the level of inflation.
