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.”
***
The dates to watch (ignore the first 4 lines ;-) )
![fed dates 2024](https://images.forexlive.com/images/fed%20dates%202024_id_198a8589-2235-4484-b06f-05c70a0bef41_original.jpg)