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.

BING NEWS:
  • Why the Fed keeping rates higher for longer may not be such a bad thing
    It's a tough case to sell that higher interest rates today are having a substantially negative impact on the course of the economy.
    04/24/2024 - 3:42 am | View Link
  • When will Fed cut interest rates in 2024? Here's what 100 economists say in Reuters poll
    The U.S. Federal Reserve will wait until September to cut its key interest rate, according to a majority of 100 economists polled by Reuters, with half saying there will be only two cuts this year and ...
    04/18/2024 - 9:46 pm | View Link
  • No landing and no Fed rate cuts: the markets' new bet on 2024
    The Fed has a twin mandate ... "Markets need to focus on the fact that rates are sufficiently restrictive, instead of how many cuts are in the pipeline," he added. Bank of America's closely ...
    04/17/2024 - 12:17 pm | View Link
  • Painful high rates wake-up call threatens global markets
    LONDON, April 17 (Reuters) - Fear that interest rates in major economies ... Markets are pricing fewer than two Fed rate cuts this year. The first European Central Bank cut is priced for June ...
    04/16/2024 - 1:01 pm | View Link
  • Markets could tank if the Fed doesn't cut rates soon, and failure to do so could lead to a hard landing in 2025, chief economist says
    Despite his warnings of the risks posed by high rates, Slok doesn't see strong chances of a Fed rate cut and has been among the first to suggest that monetary policy will remain unchanged this year.
    04/16/2024 - 9:22 am | View Link
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