BlackRock expects Fed to start cutting interest rates in June, ECB to follow

Laura Cooper, senior investment strategist at BlackRock, expects the Federal Reserve to start cutting interest rates in June, earlier than the European Central Bank, and the euro zone will need more easing policies in the future. She expects the Fed to cut interest rates by 75 to 100 basis points by the end of the year. She said the Fed's first rate cut would be "soon followed" by the ECB, with the Bank of England likely to cut rates after the ECB, who would then have to cut rates even more sharply. Traders are betting that the Fed will cut interest rates for the first time in May; Cooper said the market has become "very active" in terms of pricing, adding that "there is still a degree of repricing that needs to occur, which makes us even more convinced that going forward There will be some fluctuations.” (Jin Shi)