It's 'foolhardy' to think the Fed will cut interest rates at all in 2023, BlackRock's bond chief says

Jan 10 2023 by Business Insider

 
Markets shouldn't expect the Federal Reserve to slash interest rates until inflation has fallen to its 2% target level, BlackRock bond chief Rick Rieder said Monday.

Steve Marcus/Reuters

It's "foolhardy" to expect Federal Reserve interest rate cuts this year, BlackRock's bond chief said. "They keep coming out and telling you that they're not going to do that," Rick Rieder said Monday. Stocks could deliver 9% returns this year, but are likely to be highly volatile, the CIO added.

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Continue Reading It's 'foolhardy' to think the Fed will cut interest rates at all in 2023, BlackRock's bond chief says