BlackRock’s Rieder says “much, much closer to normalcy” – see September Fed rate cut

Rick Rieder is BlackRock chief investment officer of global fixed income.

He spoke with CNBC on his thoughts on Federal Open Market Committee (FOMC) rate cuts to come, and why:

• on inflation, he said the US is “at a place that is much more like 2019, much, much closer to normalcy”

On timing:

• Said probably not in July – “I think the odds are low. It’s not impossible. You’ve gotten some data that would allow you to do it, I would do it”
• “I think they’ll set up for a September cut.”

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The dates to watch (ignore the first 4 lines 😉 )

This article was written by Eamonn Sheridan at www.forexlive.com.