With the epidemic improving and inflation high, global central banks (especially the Federal Reserve) may have to start a "interest rate hike journey" from this year, and there are many pessimistic views in the market. But the world's most

With the epidemic improving and inflation high, global central banks (especially the Federal Reserve) may have to start a "interest rate hike journey" from this year, and there are many pessimistic views in the market. But BlackRock, the world's largest asset manager, said a few days ago that investors' expectations for the magnitude of the global central bank's interest rate hikes were too high, and the actual results may be more "dovish" than many people expected.

Analysts led by BlackRock Investment Research Institute Jean Boivin said in the latest report released on Monday: "We believe that central banks, despite their hard-line rhetoric, will eventually admit that fighting inflation by raising interest rates sharply will bring too high a price to economic growth." ”

"That's why we think the final policy response will be moderate," they wrote.

BlackRock said it believes stocks will continue to perform well, especially if the interest rate outlook is more "dovish" than many investors expected. Investors now generally believe that the Fed will raise rates five times this year, with many expecting further rate hikes in 2023 and 2024, bringing the target rate up to around 2.5 percent from the current level close to zero. @ Da Ren Chong Yang