BlackRock calls for the Fed to cut interest rates, defying Wall Street consensus

BlackRock is calling for rate cuts. While most of Wall Street wants the Federal Reserve to keep rates steady or deliver minimal easing, BlackRock’s Rick Rieder says the central bank needs to start cutting now. Rieder, who serves as Chief Investment Officer of Global Fixed Income at BlackRock, made the case in a Bloomberg TV […] source: https://www.cryptopolitan.com/blackrock-calls-for-the-fed-to-cut-rates/