TechFlow news, on November 18, according to Jinshi News, Rick Rieder, Chief Investment Officer (CIO) of BlackRock, said he still expects the FOMC to cut interest rates by 25 basis points in December. Rieder stated that the current federal funds rate target range of 4.5% to 4.75% is restrictive. After the December rate cut, he expects the Fed to pause further cuts as the FOMC evaluates the number and pace of future reductions. Looking into 2025, Rieder anticipates at least two additional rate cuts, though he did not specify exact timing.
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