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BlackRock's Rieder thinks there will be no further Federal Reserve FOMC rate hikes

BlackRock’s chief investment officer in global fixed income Rick Rieder after the US jobs report on Friday:“The Fed should be done. You can put your shoulder behind a bit more of interest-rate exposure than has been the case certainly over the last few months.”The data is here ICYMI:US August non-farm payrolls +187K vs +170K expectedRieder says the Federal Open Market Committee (FOMC) can stop hiking now, although its set to hold rates high. “26 million jobs ..." (created in the US over the past... Read More

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Posted: Sep 4 2023, 02:07

Author Name: forexlive

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