Blackrock expects Fed rate hike to 3% in 2023
![Blackrock expects Fed rate hike to 3% in 2023](/content/images/size/w1200/2022/04/photo_2022-04-15_01-54-10.jpg)
Strategists at Blackrock, the world's largest asset management firm, believe the Fed will raise rates to about 3% next year. They also noted that if they tightened policy in 2021 and brought inflation to the 2% target, U.S. unemployment could reach 10%.
Blackrock also said it sees a neutral rate of about 2%-2.5%. This forecast is based on a slowing inflation rate and its proximity to its