Neeraj Seth on Federal Reserve
From Gold Has A Meaningful Upside From A 12-18 Month Perspective: Neeraj Seth Of 3R Investment Management · · CNBC-TV18
“I still think Fed has two to three cuts in the pocket over the next 12 months but the chances are that the Fed pauses waits in December and waits more data to go again in January.”
On , Neeraj Seth, MD, Chief Investment Officer & Head of Asian credit Singapore at BlackRock Inc, spoke about Federal Reserve during Gold Has A Meaningful Upside From A 12-18 Month Perspective: Neeraj Seth Of 3R Investment Management on CNBC-TV18.
About Neeraj Seth
Neeraj Seth, Chief Investment Officer and Head of Asian Credit at BlackRock, has been a frequent commentator on global and Asian fixed-income markets. In May 2025, speaking on CNBC TV18, Seth stated that the "worst of the tariff scare is behind us" but cautioned that "credit is not an asset class that loves uncertainty," predicting a risk of spread widening over a six-to-twelve-month view. He described India as a "slightly different" market, noting its high-quality government and corporate bonds and low foreign exposure, and said he expects India to continue receiving structural inflows. In August 2024, he argued that "volatility is not behind us" and estimated that only 50-60% of the carry trade unwind had been completed. Regarding the US, he said the economy is in a "gradual slowdown" but not a recession, and he expects the Federal Reserve to begin an easing cycle in September 2024. In March 2024, Seth called India the "most transformational" investment story globally, citing political and policy stability, demographics, and infrastructure. He contrasted this with China, which he described as being in a "muddle-through scenario with a weakening bias" due to weak consumer sentiment and a structural shift toward state-owned enterprises. Seth has also expressed a preference for high-yield credit over investment grade, and has recommended emerging market local currency bonds and private credit as attractive asset classes. In a 2024 interview, he discussed the importance of cultural awareness in managing a diverse team and highlighted the role of generative AI as a potentially deflationary force that could offset inflationary pressures from decarbonization and deglobalization.