Rick Rieder is BlackRock chief investment officer of global fixed income.
He spoke with CNBC on his thoughts on Federal Open Market Committee (FOMC) rate cuts to come, and why:
- on inflation, he said the US is “at a place that is much more like 2019, much, much closer to normalcy”
On timing:
- Said probably not in July – “I think the odds are low. It’s not impossible. You’ve gotten some data that would allow you to do it, I would do it”
- “I think they’ll set up for a September cut.”
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The dates to watch (ignore the first 4 lines 😉 )
This article was written by Eamonn Sheridan at www.forexlive.com. Source