BlackRock CIO: The Fed will cut interest rates by 25bp next month, and there will be two or more cuts next year
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Odaily Planet Daily Report: BlackRock CIO Rick Rieder stated that he still expects the FOMC to cut rates by 25 basis points in December. Rieder said that the current federal funds rate target range of 4.5% to 4.75% is restrictive. After the rate cut in December, the Fed is expected to pause rate cuts, and the FOMC will evaluate the number and pace of rate cuts. By 2025, the Fed is expected to cut rates at least twice, but Rieder did not provide a specific timeline. (Gold Ten)
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