Similar Stories to Markets Are Getting Their Fed Call Wrong, And The Central Bank Isn't Poised To Cut Rates Anytime Soon, Blackrock Says on Bing News

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:
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    05/2/2024 - 1:31 am | View Link
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  • The Fed will only cut rates when it's panicking over a recession and a market crash, Black Swan investor says
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