BlackRock global chief investment strategist says that rate cut expectations are frothy ...Middle East

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BlackRock global chief investment strategist says that rate cut expectations are frothy
I posted yesterday on the view from BlackRock on the 2024 Federal Open Market Committee (FOMC):BlackRock's CIO Rieder says the Fed Funds rate is too restrictive today, sees mid-24 cutRieder's call in that interview was backed up by the firm's global chief investment strategist speaking on Tuesday, US time:don't expect the Fed to aggressively cut rates in 2024“Market pricing for how early the first cut is, as well as how many cuts there will be next year, is a bit overdone in our view,” referred to indicators of market expectations of a rate cut in March and five rate cuts in 2024 ... “That is really aggressive. Something would have to go seriously wrong for that to come through,”BlackRock

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