BlackRock CIO: Expects Fed to Cut Rates in September, Current Market Presents 'Best Investment Environment in History'
According to ChainCatcher, BlackRock's Global Fixed Income Chief Investment Officer Rick Rieder stated that the current market presents the 'best investment environment in history,' benefiting from strong corporate earnings, fixed income product yields, and low volatility. He predicts that the Fed may start cutting rates in September, with a potential cumulative cut of 100 basis points over the next year. Rieder pointed out that although tech stock valuations are relatively high, the earnings growth of the MAG-7 components remains attractive. He warned that the market may be overly optimistic about risks such as credit spreads. Analysts believe that if rate cuts materialize, liquidity may drive up crypto assets.
