Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says

Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says

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Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images Markets are wrong in thinking the Fed will cut interest rates this year, according to BlackRock. Rate cuts are unlikely while inflation is sticky and the Fed signals bank stress won't deter it from tightening. The firm doesn't…

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