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BlackRock CIO: Expects the Fed to cut rates in September, current market presents the "best investment environment in history"
Rick Rieder, the Chief Investment Officer of BlackRock Global Fixed Income, stated that the current market represents the "best investment environment in history," benefiting from strong corporate earnings and high yields. He predicts that the Fed will cut interest rates in September and points out that while technology stock valuations are high, they remain attractive, warning that the market is overly optimistic about risks. Analysts believe that the interest rate cut will drive a pump in risk assets.
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