BlackRock's recent prediction is quite interesting; the market is still betting on rate hikes, but they've already started discussing the rate cut scenario.

BlackRock says that under the leadership of the new chair, Waish, the Federal Reserve may have reasons to cut interest rates rather than raise them. Navin Saigal noted that if you have to choose between rate hikes and cuts, there are sufficient factors supporting a rate cut; the future labor market may come under pressure, which could lead the Fed to either hold steady or cut rates. This stands in contrast to broad market expectations, as investors are still betting that Waish will prioritize credibility in fighting inflation, with market pricing close to a rate hike in December.