[BlackRock Analyst: Under Walsh's Leadership, the Fed May Cut Rates Once] Odaily Planet Daily News - BlackRock Group stated that under the leadership of the Federal Reserve's new chairman Walsh, the Fed might have sufficient reasons to support a rate cut rather than a hike. Navin Saigal, BlackRock's Head of Global Fixed Income for Asia-Pacific, responded to questions about the likelihood of a rate hike during Walsh's tenure, saying: 'If I must choose between a rate hike and a rate cut, I believe there are indeed ample factors supporting a rate cut.' 'Looking ahead, the labor market will face certain pressures, which could signal that the Fed may either hold steady or cut rates.' Saigal's remarks contrast with the general expectations of bond investors. These investors are betting that Walsh will prioritize maintaining the Fed's credibility in combating inflation over accommodating U.S. President Trump's preference for low interest rates. Current pricing indicates that the market is almost certain the Fed will raise rates before December. (Jin10)