BlackRock's Rieder thinks investors should believe the Fed that it's going to hike again
Publishing timestamp: 2023-09-29 13:18:32
Summary
The article discusses BlackRock fixed income chief Rick Rieder's belief that the Federal Reserve can stop raising interest rates, although they probably won't. Rieder expects the central bank to follow through on their intention to hike rates at least one more time before the end of the year. The article also mentions the challenges posed by the Fed's higher-for-longer stance on investing, with stocks being choppy and bond yields moving higher. Rieder suggests investing in commercial paper as a low-risk option. The article concludes by mentioning the possibility of the Fed starting to cut rates in the latter half of 2024.
Sentiment: NEUTRAL
Tickers: BLK,
Keywords: federal reserve bank, interest rates, blackrock inc, business news, investment strategy, hedge funds,