BlackRock's Chaudhuri Optimistic About US Stocks
Gargi Chaudhuri, BlackRock chief investment and portfolio strategist, Americas, says she sees some reasons to be optimistic about US stocks but risks still remain. Speaking on "Bloomberg Open Interest," Chaudhuri also comments on the outlook for Federal Reserve monetary policy.
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CNET
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Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what's next for Fed rate cuts, labor data and inflation. It's been a bumpy few months for mortgage rates. Lingering inflation, the threat of a global trade war and growing recession worries have reduced affordable options for homebuyers. The average 30-year fixed mortgage interest rate is 6.90% today, down -0.08% over the last week. The average rate for a 15-year fixed mortgage is 6.09%, which is a decrease of -0.05% compared to a week ago. Given so much economic uncertainty, the Federal Reserve is adopting a wait-and-see approach when it comes to interest rate adjustments. After cutting borrowing costs three times last year, the central bank has held rates steady so far in 2025, extending its holding pattern for a third consecutive meeting on May 7. 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