After Goldman Sachs, the world's largest asset management also issued a warning: the market's expectation of the Federal Reserve's interest rate cut is "excessive". Currently, the market generally expects the Federal Reserve to cut interest rates by at least 100 basis points next year, starting from the second quarter. But BlackRock, the world's largest asset management company, believes that these bets are "too much". BlackRock strategist said on Tuesday that the global market will experience greater volatility in 2024 due to the Federal Reserve lowering benchmark interest rates less than many investors had anticipated.