BlackRock analyst: The Federal Reserve under Waller may support interest rate cuts

According to Jinshi reports, BlackRock stated that under the leadership of the new Federal Reserve Chairman Waller, the Federal Reserve may have sufficient reasons to support a rate cut rather than a rate hike. Navin Saigal, head of Global Fixed Income for BlackRock Asia Pacific, indicated that the labor market will face pressure, which may suggest that the Federal Reserve will either hold steady or cut rates.

Saigal's comments contrast with the general expectations of bond investors, as the market is almost certain that the Federal Reserve will raise interest rates before December.

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