Federal Reserve Board Chairman Jerome Powell.Alex Wong/Getty Images Markets are wrong in thinking the Fed will cut interest rates this year, according to BlackRock. Rate cuts are unlikely while inflation is sticky and the Fed signals bank stress won't deter it from tightening. The firm doesn't expect cuts unless a credit crunch leads to a deeper-than-expected recession.
Comment on Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says
insider@insider.com (Carla Mozée), Business Insider
Tue, 03/28/2023 - 9:41am
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