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The Longer The Fed Pins Down Rates, The Uglier The Inflation Damage Will Be

4 days ago   |   By Forbes

The inflation data this morning came in hot, as expected.
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BlackRock's Rieder says the Fed should begin rolling back 'extreme policy accommodation' as inflation data comes in hotter than expected

BlackRock's Rieder says the Fed should begin rolling back 'extreme policy accommodation' as inflation data comes in hotter than expected

4 days ago   |   By Business Insider

Summary List Placement
BlackRock's Rick Rieder doubled down on his stance that the Fed should consider rolling back its accommodative policy stance after key inflation data came in hotter than expected on Thursday.
CPI rose 5% year-over-year in May, higher than the consensus estimate of 4.7%. May Core CPI, which excludes volatile food and energy components, came in at 0.74% month-over-month and 3.8% year-over-year, well above the consensus forecast and driven higher by used vehicle prices.
The BlackRock chief investment officer of global fixed income said the data is just the latest sign...
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BlackRock's Rieder says the Fed should begin rolling back 'extreme policy accommodation' as inflation data comes in hotter than expected

4 days ago   |   By Business Insider

Rick Rieder, BlackRock's Global Chief Investment Officer, speaks during the Reuters Global Investment Outlook Summit in New York
Thomson Reuters
BlackRock's Rick Rieder doubled down on his stance the Fed should start pulling back on ultra-accommodative policy.
Rieder said Thursday's inflation data shows prices are overwhelmingly high.
He said the Fed will be better served fulfilling its mandate if it begins discussing tapering.
See more stories on Insider's business page .
BlackRock's Rick Rieder doubled down on his stance that the Fed should consider rolling back its accommodative policy...
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