FED LIKELY TO DELIVER MODEST RATE CUTS IN 2026 The Federal Reserve is expected to deliver only limited interest-rate cuts in 2026, according to BlackRock strategists Amanda Lynam and Dominique Bly. After cutting rates by 175 basis points in the current cycle, the Fed is likely nearing its neutral rate. As a result, there is little scope for further easing unless the labor market weakens sharply. Market pricing currently reflects expectations for two Fed rate cuts in 2026, according to LSEG data.(*Walter Bloomberg)