BlackRock: The Federal Reserve is expected to cut interest rates in 2025 as well

ChainCatcher news, according to Jinshi reports, BlackRock's Global Fixed Income Chief Investment Officer Rick Rieder stated that the Federal Reserve will implement two more rate cuts of 25 basis points this year, partly to alleviate the burden on many people who are suffering from high borrowing costs.

However, he also believes that the Federal Reserve will maintain the rate cuts until 2025, as interest rates are still too high relative to the level of inflation.