BlackRock's Rieder Says Powell Took Rate Hikes Off the Table

Rick Rieder, BlackRock CIO of global fixed income, says he thinks Federal Reserve Chair Jerome Powell has taken interest rate hikes off the table. Rieder says people in fixed income are sitting on massive amounts of cash. He speaks on "Bloomberg The Open."
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on RUclips:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

[@kaptemi8660]

4:44 🙌👍 rieder

[@JC-du6sn]

Look up Within Heaven's Gates by Rebecca Springer 😇

[@LivingWithGout]

The Fed is risking rate reaccelerating by removing a potential rate hike. The Fed needs to shape the future narative and expectations.

[@method341]

Fed cares more about unemployment than inflation going to 5%.