Go against the mainstream expectations! BlackRock: The Federal Reserve has good reasons to choose to cut interest rates.

Despite the recent surge in market expectations for the Federal Reserve to raise interest rates this year, Navin Saigal, Global Head of Fixed Income for BlackRock in the Asia-Pacific region, is going against the mainstream by suggesting that under the leadership of new chairman Kevin Walsh, the Federal Reserve may have good reasons to choose a rate cut instead of a rate hike.