BlackRock CIO predicts U.S. Fed rate cuts to ease borrowing costs through 2025

Rick Rieder, BlackRock's Chief Investment Officer of BlackRock, the world’s largest asset manager, expects the U.S. Federal Reserve to implement two more 25-basis-point rate cuts this year to alleviate the financial burden caused by high borrowing costs, Odaily News reported. He also believes the Fed will continue lowering rates through 2025, as current interest rates remain too high relative to inflation.