BlackRock CIO predicts 25bp FOMC interest rate cut in December, & 2 or more in 2025Rick Rieder is BlackRock's CIO of Global Fixed Income. He is still expecting a December Federal Open Market Committee (FOMC) 25bp interest rate cut.
- Rieder says that the current 4.5% to 4.75% target range Fed Funds rate is restrictive
- After the cut in December Rieder expects the FOMC to pause
- FOMC will assess the number of cuts and rate of cutting
- Rieder expects at least 2 cuts in 2025 but not timing
Spoke with CNBC.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: BlackRock CIO predicts 25bp FOMC interest rate cut in December, & 2 or more in 2025 (https://www.forexlive.com/centralbank/blackrock-cio-predicts-25bp-fomc-interest-rate-cut-in-december-2-or-more-in-2025-20241117/)
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