BlackRock's Rieder Says Powell Took Rate Hikes Off the Table

Rick Rieder, BlackRock CIO of global fixed income, says he thinks Federal Reserve Chair Jerome Powell has taken interest rate hikes off the table. Rieder says people in fixed income are sitting on massive amounts of cash. He speaks on "Bloomberg The Open."
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[@kaptemi8660]

4:44 🙌👍 rieder

[@JC-du6sn]

Look up Within Heaven's Gates by Rebecca Springer 😇

[@LivingWithGout]

The Fed is risking rate reaccelerating by removing a potential rate hike. The Fed needs to shape the future narative and expectations.

[@method341]

Fed cares more about unemployment than inflation going to 5%.