BlackRock’s Bold Call: Fed Holds Firm on Rates—No Cuts in Sight
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The Fed's hawkish stance just got a Wall Street seal of approval—or is it resignation?
BlackRock, the $10 trillion asset manager, just threw cold water on rate-cut hopes. Their latest analysis suggests Jerome Powell won't budge—leaving traders staring down the barrel of higher-for-longer rates.
Why it matters: Liquidity's about to get tighter than a Bitcoin maximalist's grip on their cold wallet.
The kicker? This comes as inflation data shows sticky core CPI numbers—proving once again that central bankers would rather torch the economy than admit they're out of ammo. Stay hedged, folks.
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