Service inflation is still too high for the Fed: BlackRock's Rick Rieder

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Published 2024-04-18
BlackRock CIO of global fixed income, Rick Rieder, joins CNBC's 'Closing Bell' to share his outlook on markets, rate cuts, and more.

All Comments (15)
  • What are the best additions to a $500k portfolio to boost performance? ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.
  • @user-qy4yp5gt3w
    Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is Samantha Jack , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
  • @jonathonhappel
    So getting a 5% return in a money market is inflationary but the double digit gains year after year in stocks which was fueled by keeping interest rates artificially low for over a decade is not?
  • Food apparently is not important to consider in regards to inflation. Chipotle has record profits, but their prices have gone up 32% and the serving size has been cut by 40%. I remember a few years ago Chipotle burritos were the size of footballs, now they are the same size as a taco bell burrito
  • Let’s print more money so we can support poor bankers and big tech!!! America’s free market is a blessing to the world.
  • @RB-eo4eq
    So the Fed is not going to give the Big Guy election support? That’s the distinction that needs to be discussed as analysis isn’t the real driver here.
  • @brianmanuel1202
    Where's Steve " the bond market is wrong" Liesman? Oh..kissing Powells bum.😮😮they should be raising rates.
  • @jaym9846
    There is no shortage of excess money. It is currently all invested in the Magnificent 7.
  • @Thefunnisher
    If interest rates don’t work then why cut it ? 🤡