Rick Rieder is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team.
His forecast of a Fed rate hike in Sep or '22 came in an interview with CNBC.
As for the FOMC meeting today, come remarks from Reider:
- "My sense is the word 'transitory' has left the station. I would be shocked if we heard that word come up again"
- "I think it's the hottest job market since World War I,"
- "We had the highest [employment cost index] print since 2004. The wages are accelerating dramatically, and I think the Fed is behind the curve. I think they need to open the window to raise rates."
- does not expect the Fed or Powell, in his post-meeting briefing, to discuss raising the federal funds rates
