In this article
CHICAGO — BlackRock’s Rick Rieder is confident a stock market nearing all-time highs can go even higher in the second half of 2025, as inflation comes down because of artificial intelligence.
“I think it’s the greatest technology revolution ever. So, what does it mean? My personal view, inflation is coming way down,” Rieder said Wednesday during a keynote speech at the Morningstar Investment Conference.
The investment chief of global fixed income said he expects the productivity gains to be made from artificial intelligence will offset any hit to inflation from tariffs, which he said will be a one-time adjustment for the U.S. economy rather than a lingering challenge.
He added that the U.S. economy is unlikely to fall into a recession, given its reliance on services for growth, rather than goods, which are more cyclical.
