Economy

BlackRock's Rick Rieder believes the Federal Reserve will hike interest rates again

BlackRock's fixed income chief, Rick Rieder, believes that investors should believe the Federal Reserve's statement that it will hike interest rates again1. Rieder thinks that the Federal Reserve can stop raising interest rates, but it probably won't1. He expects central bank officials to follow through on their stated intent to hike at least one more time before the end of the year1. Rieder believes that the Federal Reserve cannot get inflation back down to its 2% target, partly due to a resurgent labor movement and high energy prices1. He thinks that the data would suggest that the Federal Reserve can start pausing, but he does not agree with doing it1.

Key facts:

BlackRock's fixed income chief, Rick Rieder, believes that investors should believe the Federal Reserve's statement that it will hike interest rates again1.
Rieder thinks that the Federal Reserve can stop raising interest rates, but it probably won't1.
He expects central bank officials to follow through on their stated intent to hike at least one more time before the end of the year1.
Rieder believes that the Federal Reserve cannot get inflation back down to its 2% target, partly due to a resurgent labor movement and high energy prices1.
He thinks that the data would suggest that the Federal Reserve can start pausing, but he does not agree with doing it1.

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BlackRock's Rick Rieder believes the Federal Reserve will hike interest rates again

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