BlackRock: The market is pricing too much on the frequency of Fed interest rate cuts

Odaily Planet Daily News: BlackRock said in a report that the currency market's expectations of multiple interest rate cuts by the Federal Reserve were too high, ignoring the risk of rising inflation. BlackRock stated, "We lean towards a market pricing of 25 basis points each for the Fed's 4 to 5 interest rate cuts this year." BlackRock expects global borrowing costs to be higher than before the pandemic as upcoming tariffs push up inflation. We believe that the new wave of tariffs planned by the United States and the reactions of other countries have reinforced this point, that we will be in a world where interest rates and long-term bond yields are still higher than before the pandemic. Tariffs and loose fiscal policies in some regions of the world may push up inflation. (Golden Ten)