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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
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2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
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Post original content (at least 100 words) on Gate Square related to
BlackRock CIO: The Fed will cut interest rates by 25bp next month, and there will be two or more cuts next year.
According to Golden Finance, Rick Rieder, Chief Information Officer (CIO) of BlackRock, still expects the FOMC to cut interest rates by 25 basis points in December. Rieder stated that the current target range of the federal funds interest rate, which is 4.5% to 4.75%, is restrictive. After the interest rate cut in December, it is expected that the Federal Reserve will pause its rate cuts, and the FOMC will evaluate the frequency and pace of further cuts. It is predicted that the Federal Reserve will cut interest rates at least twice by 2025, but Rieder did not provide a specific timeline.