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BlackRock’s Rieder Predicts September Rate Cut as Inflation Moderates
BlackRock’s Rieder Predicts September Rate Cut as Inflation Moderates
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BTCCSquare news:
BlackRock’s Chief Investment Officer Rick Rieder sees growing potential for a Federal Reserve rate cut in September as inflation trends remain subdued. Core CPI rose just 0.23% month-over-month in June, while headline inflation reached 2.67% annually—figures that suggest contained price pressures despite tariff concerns.
Corporate preparedness has mitigated tariff impacts, with companies adjusting supply chains and managing inventories proactively. This strategic foresight has maintained price stability, reinforcing BlackRock’s view that the Fed may act sooner than expected. Rieder emphasizes the moderation trend as pivotal for policymakers.
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