BlackRock expects Fed to start cutting interest rates in June, ECB to follow

Laura Cooper, senior investment strategist at BlackRock, expects the Federal Reserve to begin cutting interest rates in June, earlier than the European Central Bank. She predicts that the Fed will cut rates by 75-100 basis points by the end of the year. She said the Fed's first rate cut will be "quickly followed by the European Central Bank," and the Bank of England may cut rates after the European Central Bank, and the European Central Bank will have to make a larger rate cut. Traders are betting that the Federal Reserve will cut interest rates for the first time in May; Cooper said the market has become "very active" in pricing, adding, "there still needs to be some degree of repricing, which makes us more convinced that there will be some volatility in the future."