BlackRock investment officer: The Fed has room to cut interest rates twice this year
Rick Rieder, Chief Investment Officer for Global Fixed Income at BlackRock, believes that bond investors who have been struggling with rising yields over the past month may soon find some comfort in slowing inflation and the Federal Reserve. With inflation expected to slow in the coming months, the Fed is expected to cut interest rates twice this year. "It's becoming increasingly difficult for them to do so, but I still think they can," Rieder said. BlackRock has reduced its exposure to interest rates and is now focusing more on short-term investments. Once they see a few good inflation reports and evidence of slowing employment, they can start to extend their investment horizon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analytics Firm Reveals 3 Cryptocurrencies Whose Mentions Exploded During Altcoin Rally
Cryptocurrency analysis company Santiment shared three altcoins whose mention rates have increased significantly in its statement.
Crypto Expert Says Memecoins Are Ready for a Major Comeback
U.S. Bitcoin ETFs See $494 Million Surge in Six-Day Inflow Streak