BlackRock Investment Institute: Three Key Points for the Federal Reserve's Rate Meeting

Glonghui, January 29｜Jean Boivin, Head of BlackRock Investment Institute, believes that there are three main points regarding the Federal Reserve's interest rate meeting: First, the Fed's statement was relatively hawkish, removing references to downside risks in employment, and Chairman Powell also mentioned inflation stickiness; second, even though two committee members opposed the rate decision in January, market expectations for future Fed rate cuts have not changed much, with two rate cuts of 25 basis points each still expected this year; third, the current statement may be superseded by the new chairman who will take office in May.