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2026-05-26 11:25:20
[BlackRock: Labor Market Under Pressure, Fed Rate Cut More Likely Than Rate Hike] (1) Navin Saigal, Global Head of Fixed Income for Asia Pacific at BlackRock, said that under the leadership of new Chairman Kevin Warsh, the Fed may have ample reason to choose to cut rates rather than raise them. (2) He pointed out that the labor market will face pressure in the future, which may mean maintaining the current interest rate or cutting it. (3) This view contrasts sharply with the expectations of bond investors, who are betting that Warsh will prioritize maintaining the Fed's credibility in fighting inflation, and that interest rate traders are pricing in a near certainty of a rate hike before the end of the year.
