Larry

Future

Edge

BlackRock

<ul class="wp-block-list news-points">
 <li><strong>Fink foresees a 25-basis-point Fed rate cut by 2024 amid sustained inflation pressures.&nbsp;&nbsp;</strong></li>
 <li><strong>The November 6 FOMC meeting, post-U.S. election, may drive pivotal rate-cut decisions.&nbsp;&nbsp;</strong></li>
 <li><strong>Fed plans three rate cuts in 2024, targeting inflation decline after a 22-year peak.</strong></li>
</ul>
<p>Larry Fink, CEO of BlackRock, discussed his expectations for the Federal Reserve’s upcoming policy decisions at the Future Investment Initiative in Saudi Arabia. He highlighted the ongoing monetary pressures and the challenges the Fed faces in responding to current economic conditions.</p>
<p>Speaking to a global audience, Fink said that the Federal Reserve may cut interest rates by another 25 basis points before the end of 2024 to balance rising costs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BlackRock</a> CEO Larry Fink anticipates "at least" another 25bps interest rate cut this year.<a href="https://twitter.com/hashtag/LarryFink?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LarryFink</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/BreakingNews?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BreakingNews</a> <a href="https://t.co/Yf6oRl1bKn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Yf6oRl1bKn</a></p>— Coin Edition: Your Crypto News Edge (@CoinEdition) <a href="https://twitter.com/CoinEdition/status/1851185013221376336?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This prediction has sparked discussion about the possibility of the Federal Open Market Committee (FOMC) making further rate cuts, with some concerned about a more aggressive 50 basis point cut.</p>
<h2 class="wp-block-heading" id="h-fomc-meeting-and-the-us-election">FOMC Meeting and the US…</h2>
<p>The post <a href="https://coinedition.com/blackrock-ceo-predicts-further-fed-rate-cuts-before-year-end/" rel="noopener noreferrer nofollow">BlackRock CEO Predicts Further Fed Rate Cuts Before Year-End</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BlackRock CEO Predicts Further Fed Rate Cuts Before Year-End

Table of Contents

Coin Edition

Other articles published on Oct 29, 2024

Paxos Launches Yield Bearing Wrapped $USDL on Injective

Bitcoin Policy Institute Advocates for BTC as a Central Bank Reserve Asset

Trading Volume Up 93%! Strong Market Signals for This Altcoin

US Spot Bitcoin ETFs Reach Two-Week Highs! Here Are the Details

Ripple Co-Founder Chris Larsen Donates $10 Million to Kamala Harris' Presidential Campaign Amid D...

AEON MINING is the world’s safest cloud mining platform. Analysts believe that it can earn up to ...

Join our free newsletter for daily crypto updates!