BlackRock CIO predicts 25bp FOMC interest rate cut in December, & 2 or more in 2025 ...Middle East

Rick Rieder is BlackRock's CIO of Global Fixed Income. He is still expecting a December Federal Open Market Committee (FOMC) 25bp interest rate cut. Rieder says that the current 4.5% to 4.75% target range Fed Funds rate is restrictive After the cut in December Rieder expects the FOMC to pauseFOMC will assess the number of cuts and rate of cutting Rieder expects at least 2 cuts in 2025 but not timingSpoke with CNBC. This article was written by Eamonn Sheridan at www.forexlive.com.

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