Fed still has room to go with rate cuts, says BlackRock's Rick Reider

Andreas Steno Larsen, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics for Steno Research, to dissect rate-cut expectations for the Federal Reserve this week, how the recent economic data impacts this decision and how this will help or hurt the end-of-the-year rally?

Gold prices held firm around $4,192 per ounce on Tuesday, remaining within striking distance of recent highs as markets priced in an 87% chance of a rate cut by the US Federal Reserve later this week. tweet Traders are now shifting focus from the cut itself to the forward guidance and updated dot plot, which will likely shape expectations well into 2026. ...

After consternation about whether the Federal Reserve will cut interest rates for a third time this year, the consensus is that the central bank will likely go ahead with a 25 basis point cut on Wednesday — even if it's a split decision. “This is a hard call,” said Alan Blinder, former vice chair of the Fed and economics professor at Princeton. “[But] I do ...