TechFlow reports, BlackRock senior investment strategist Laura Cooper expects the Federal Reserve to begin cutting rates in June, earlier than the European Central Bank (ECB), as the eurozone will require additional monetary easing going forward. She forecasts Fed rate cuts of 75-100 basis points by year-end.
She said the Fed's initial cut "will soon be followed by the ECB," while the Bank of England may cut rates after the ECB, and the ECB will ultimately have to deliver larger rate reductions. Traders are betting on the Fed's first cut happening in May; Cooper noted that markets have become "very active" in pricing, adding, "some degree of repricing is still needed, which makes us more convinced that some volatility lies ahead." (Jinshi)
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