Reported 1 day ago
BlackRock's CFO predicts that even small cuts in Federal Reserve interest rates will encourage investors to reallocate from cash to stocks and bonds. Despite earlier expectations for aggressive rate cuts, the U.S. economy has shown resilience, leading to only modest adjustments. Current money market assets remain high at $6.77 trillion, but the growing desire for better returns could prompt a shift as rate cuts continue, especially with a diminishing fear of missing out on potential gains.
Source: YAHOO