BlackRock: Federal Reserve's interest rate cuts may continue until 2025

According to a report by Golden Ten, Rick Rieder, Chief Investment Officer of BlackRock Global Fixed Income, stated that the Federal Reserve will implement two more 25 basis point interest rate cuts this year, partly to alleviate the burden on a large number of people who are suffering from high borrowing costs. But he also believes that the Federal Reserve will continue to cut interest rates until 2025 because interest rates are still too high relative to inflation levels.