BlackRock: The Fed is expected to cut interest rates in 2025

Rick Rieder, BlackRock's chief investment officer for global fixed income, said the Fed will implement two more 25 basis point rate cuts this year, in part to ease the burden on a large number of people who are suffering from high borrowing costs. But he also believes that the Fed will continue to cut interest rates until 2025 because interest rates are still too high relative to inflation levels. (Jinshi)