Rick Rieder is BlackRock chief investment officer of global fixed income.

He spoke with CNBC on his thoughts on Federal Open Market Committee (FOMC) rate cuts to come, and why:

• on inflation, he said the US is “at a place that is much more like 2019, much, much closer to normalcy”

On timing:

• Said probably not in July – “I think the odds are low. It’s not impossible. You’ve gotten some data that would allow you to do it, I would do it”
• “I think they’ll set up for a September cut.”

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The dates to watch (ignore the first 4 lines 😉 )

This article was written by Eamonn Sheridan at www.forexlive.com.



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