Rick Rieder is the chief investment officer for global fixed income at BlackRock.
He spoke in an interview on Bloomberg TV, saying the Fed still has the option to cut federal funds twice in 2024, as inflation slows in the coming months:
Markets expect a reduction of around 40 basis points by the end of the year, compared to Rieder’s forecast of 50 basis points.
Earlier from BlackRock:
This article was written by Eamonn Sheridan at www.forexlive.com.
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