BlackRock’s Rieder sees Federal Reserve being able to lower interest rates twice this year ...Middle East

Rick Rieder is BlackRock's chief investment officer of global fixed income.He spoke in an interview on Bloomberg TV, saying the Fed still has scope to cut Fed Funds twice in 2024, as inflation will slow in the months ahead:“It’s getting harder for them to do that, but I still think they can,” Markets are pricing around 40bp of cuts by year-end vs. Rieder's 50bp of cuts forecast. Earlier from BlackRock:Blackrock forecasts European Central Bank rate cuts before the Federal Reserve This article was written by Eamonn Sheridan at www.forexlive.com.

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