Fed Is Now in 'Higher Rates for Longer' Mode: BlackRock

The transcript discusses the initial aggressive rate cuts by the Fed and the market's expectations for further cuts. It highlights the impact of Trump's victory on market dynamics and the Fed's response. The alignment between the Fed and market expectations is explored, with a focus on the current debate over potential rate cuts. The discussion concludes with the uncertainty surrounding policy decisions and their influence on rate expectations.

What was the initial market expectation after the rate cuts began?

• A single rate cut

• Many rate cuts

• No rate cuts

• Rate hikes

How did the market react to the Trump victory in terms of interest rates?

• Rates were unaffected

• Rates increased

• Rates remained stable

• Rates decreased

What was the perception of Trump's policy proposals regarding inflation?

• Inflationary

• Unrelated to inflation

• Deflationary

• Neutral

What is the current debate regarding rate cuts for the year?

• 5 to 7 cuts

• 3 to 5 cuts

• 0 to 2 cuts

• No cuts

What is the main source of uncertainty in the current policy environment?

• Global trade

• Poly administration policy

• Technological advancements

• Economic growth