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

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.