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 pause
- FOMC will assess the number of cuts and rate of cutting
- Rieder expects at least 2 cuts in 2025 but not timing
Spoke with CNBC.
This article was written by Eamonn Sheridan at www.forexlive.com. Source