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BlackRock CIO Hints At Fed Rate Hike But There's A Positive Note

source-logo  coingape.com 18 May 2024 18:27, UTC

In the current week, the release of the U.S. Consumer Price Index (CPI) data brought a wave of relief to the financial markets. This indicated a potential easing of inflationary pressures. Rick Rieder, Chief Investment Officer of Global Fixed Income and Head of Global Asset Allocation at BlackRock, made a bold stance regarding the report.