According to Odaily, prominent figures in the global financial sector, gathered at the Future Investment Initiative conference in Saudi Arabia, have expressed skepticism regarding the market's expectations for further rate cuts by the Federal Reserve. During a panel discussion featuring leaders from Goldman Sachs, Morgan Stanley, Standard Chartered, Carlyle Group, Apollo Global Management, and State Street, none of the participants raised their hands when asked if they believed the Federal Reserve would cut rates twice more this year. Most panelists agreed that the Federal Reserve might implement one more rate cut by the end of 2024.
BlackRock CEO Larry Fink, speaking at the Future Investment Initiative forum in Saudi Arabia, stated his expectation that the Federal Reserve would reduce rates by at least 25 basis points this year. The sentiment among these financial leaders suggests a cautious outlook on the Federal Reserve's monetary policy moves, contrasting with more optimistic market bets on multiple rate cuts.
