Blackrock strategists have changed their stance on short-term US bonds from overweight to underweight, suggesting that the market's bet on the magnitude of rate cuts by the Fed is unlikely to materialize. The market speculates that the Fed has waited too long for easing and will now be forced to cut rates at a faster pace to support the economy. However, Blackrock's chief investment strategist Wei Li believes that such speculation is unfounded. In an interview, she expects the Fed to cut rates by 25 basis points on Wednesday. "We think the market's pricing of the depth of the rate-cutting cycle is a bit excessive," Li said. "The rate-cutting cycle is starting, but the magnitude may not be as large as the market expects."
贝莱德：本周美联储料降息25个基点 市场激进的降息预期不太可能成真
Blackrock: The Fed is expected to cut interest rates by 25 basis points this week. It is unlikely that the market's aggressive expectations for rate cuts will come true.
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