BlackRock's Rick Rieder suggests the Federal Reserve cut interest rates to curb inflation.
BlackRock's Rick Rieder, Chief Investment Officer of Global Fixed Income, suggests that the Federal Reserve should cut interest rates to tame inflation. He argues that well-heeled Americans are currently earning more from fixed-income investments due to high interest rates. Rieder believes that cutting rates would dampen demand in the service sector and ultimately help temper inflation.
May 17, 2024
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