According to Odaily, BlackRock strategists have indicated in a recent report that the likelihood of rapid interest rate cuts by the Federal Reserve is low due to stable economic growth prospects. They stated, 'We believe there is room for the Federal Reserve to lower rates to around 3.5% or slightly higher by early 2025.'BlackRock also noted that the minutes from the Federal Reserve's September meeting suggest a gradual approach to rate cuts. 'We anticipate a normalization of monetary policy rather than a shift to an accommodative stance,' they added.
