BlackRock believes the Federal Reserve’s interest rate cuts will be more moderate than market expectations due to inflation concerns.
Coinbase denies allegations of issuing Bitcoin IOUs to BlackRock, reaffirming transparency with fully auditable on-chain transactions.
Recently, BlackRock said that the Federal Reserve’s much-anticipated interest rate decreases may not be as deep as the market currently expects, according to Reuters.
According to detailed research from BlackRock’s Investment Institute, while the bond market expects cuts of around 120 basis points by the end of this year and up to 250 basis points by 2025, these forecasts may be overblown. The institute stated:
“As the Fed readies to start cutting, markets are pricing in cuts as deep as those in past recessions. We think such expectations are overdone.”
The asset management conglomerate believes that the US economy is still exhibiting signs of resiliency. Although inflation has slowed, it has not fallen suffici

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