BlackRock’s Rieder estimates the Federal Reserve may cut interest rates twice this year

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:

• “It’s getting harder and harder for them, but I still think they can do it,”

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:

• Blackrock predicts European Central Bank rate cut ahead of Federal Reserve

This article was written by Eamonn Sheridan at www.forexlive.com.

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