Live updates: Follow along as the Federal Reserve announces its market-moving rate decision
Investor hopes of a dovish Fed pivot have grown recently, but BlackRock ‘s Rick Rieder thinks the central bank will maintain a more aggressive policy stance.The firm’s chief investment officer of global fixed income said he expects Chair Jerome Powell to sound somewhat hawkish at his 2:30 p.m. ET news conference .”He’s got to be really careful not to be seen as easy or pivoting,” said Rieder . “I think he’s got to draw the line on ‘inflation is our objective’… I think he’s got to be aggressive about that. If he blinks and financial conditions ease too much…that’s not the direction he or they want to go down.”
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Investor hopes of a dovish Fed pivot have grown recently, but BlackRock’s Rick Rieder thinks the central bank will maintain a more aggressive policy stance.
The firm’s chief investment officer of global fixed income said he expects Chair Jerome Powell to sound somewhat hawkish at his 2:30 p.m. ET news conference.
“He’s got to be really careful not to be seen as easy or pivoting,” said Rieder. If he blinks and financial conditions ease too much…that’s not the direction he or they want to go down.”
CNBC Pro subscribers can read more here.
