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BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September
"We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis points," Rick Rieder said.
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cnbc.com
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Wall Street now sees 3 Fed rate cuts before year-end
Tuesday's inflation report for July has investors expecting the Federal Reserve will cut rates not once, not twice, but three times before year-end.
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BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September
"We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis points," Rick Rieder said.