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☆ BlackRock's Rick Rieder: The Fed will start cutting rates in the second half of 2024
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock's Rick Rieder: The Fed will start cutting rates in the second half of 2024Rick Rieder, BlackRock senior managing director, and Rebecca Patterson, Council for Economic Education board chair, join CNBC's Deliver Alpha 2023 to talk the current rate hiking cycle, the state of the markets, what's ahead for the Federal Reserve and more.

Persons: Rick Rieder, Rebecca Patterson Organizations: BlackRock, Economic Education, CNBC's, Federal Reserve

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: BlackRock's Rick Rieder on what's worrying him most about the financial marketsCNBC'S Michael Santoli is joined by Rick Rieder, BlackRock's chief investment officer of global fixed income, at the 13th annual Delivering Alpha conference to discuss potential headwinds and tailwinds for investors for the last quarter of 2023.

Persons: Rick Rieder, Michael Santoli Organizations: Alpha

☆ BlackRock bond chief Rieder says U.S. economy in 'much better shape’ than doomsayers say
▼ + stars: | 2023-05-23 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

NEW YORK — When the bond chief of the world's biggest asset manager looks at the U.S. right now, he sees a lot to like. A combination of resilient government, corporate and consumer spending, improving homebuilder data, $1.5 trillion in excess savings and low unemployment tell BlackRock's Rick Rieder that the American economy is faring better than many expected. "I think the U.S. economy's in much better shape than people give [it] credit" for, Rieder said Tuesday at an event at BlackRock's New York headquarters. Talk of a pending recession has been building as the impact of the Federal Reserve's interest rate increases ripple through the economy. "When people talk about, 'We're going to a recession or a deep recession,' it's pretty unusual [or] almost impossible when you have an unemployment rate of 3.4%," Rieder said.

☆ BlackRock’s Rieder highlights a fresh worry for investors beyond the Fed’s expected rate hike
▼ + stars: | 2023-05-02 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +3 min

BlackRock's Rick Rieder predicts the Federal Reserve will hike interest rates by a quarter point on Wednesday and then stop. Tuesday kicks off the Fed's two-day meeting, which will culminate in a rate decision announced at 2 p.m. The policy-setting Federal Open Market Committee has been hiking rates since March 2022 in a bid to cool higher prices. "I don't think there's tangible pressure on the U.S. economy," Rieder said. Rieder is confident in the overall market, but he is in the camp that "the economy can move into a technical recession."

☆ Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports
▼ + stars: | 2023-05-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Shares of First Republic dropped more than 40% in pre-market trading today, while JPMorgan stock ticked 2.9% higher. Let's check in on Russia's wartime economy. To the surprise of many forecasters, Russia's economy has held up better than expected as it carries on into the second year of its war on Ukraine. And leaked documents, first reported by the Washington Post, suggest that Russia can fund its war for at least another year. Specifically, US intelligence says Moscow can rely on its sovereign wealth fund to help pay for its war efforts, as well as higher corporate taxes and ramped-up imports.

☆ BlackRock's Rieder says more volatility could 'play through the financial system'
▼ + stars: | 2023-03-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

"My sense is there's still some volatility that's going to play through the financial system." "You've got clearly some additional economic contraction coming from a banking system that is going to pull back on some lending." I think spreads got too tight and I think the market was a little overzealous in all assets," Rieder said. Prior to the failure of Silicon Valley and Signature Bank, Rieder had anticipated the yield would range between 3.50% and 4.25%. Rieder expects the Fed will raise rates by a quarter point and could hike again by another 25 basis points before stopping.

Commodity Futures Trading Commission (CFTC) data published on Tuesday shows that speculators held the largest net short position in three-month 'SOFR' rate futures since September, and the biggest net short 10-year Treasuries futures position since 2018. While they trimmed their net short 2-year Treasuries futures position, it was only a reduction of around 5% from the record short a couple of weeks earlier. They trimmed their two-year futures net short to 656,575 contracts - two weeks prior they were net short 696,686 contracts, a record. chartA short position is essentially a wager that an asset's price will fall, and a long position is a bet it will rise. In bonds and interest rates, yields and implied rates fall when prices rise, and move up when prices fall.

☆ BlackRock's Rieder says investors should hold more bonds, international stocks should outperform
▼ + stars: | 2023-02-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

BlackRock's Rick Rieder said the 60/40 portfolio should be flipped to 40% stocks, 60% bonds this year, and that international stocks should outperform U.S. equities. Rieder, chief investment officer for global fixed income at the world's largest asset manager, said he finds U.S. stocks less interesting relative to bonds. Both stocks and bonds were sharply lower, and the traditional benefits of one asset class hedging the other did not work. International stocks over U.S. equities International stocks could also outpace U.S. stock. I like some the global equities a lot more than the U.S." He also is looking to global fixed income markets.

☆ BlackRock's Rieder sees a 'generational' fixed income play in 2023
▼ + stars: | 2022-12-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

BlackRock's Rick Rieder said the fixed income market should be less volatile in 2023 and investors should have a chance to recover a good bit of this year's losses. I think this is a generational point for fixed income, around where you can buy quality income without taking a lot of convexity, credit, illiquidity risk." But for stock investors, fixed income poses a challenge. "The marginal dollar has to go into those fixed income assets," he said. Rieder said fixed income investors still face risks, such as defaults and downgrades, but they should see positive returns next year.

☆ BlackRock's Rieder says bond yields have not peaked and Fed will lean hawkish Wednesday
▼ + stars: | 2022-11-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

BlackRock's Rick Rieder said bond yields have not yet hit their peak, and he continues to find the high rates available on short duration bonds and securitized assets to be very attractive. "We're buying all this short-dated high quality securities, investment grade assets, and we just keep buying them," said Rieder, chief investment officer of global fixed income. "I think he's got to draw the line on 'inflation is our objective'... I think he's got to be aggressive about that. "The stickiness of this inflation is pretty extraordinary...I think inflation is coming down," he said.

☆ BlackRock's Rieder says Fed should not panic because rate hikes have lagged effect
▼ + stars: | 2022-09-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +1 min

BlackRock's Rick Rieder expects the Fed to hike rates by three-quarters of a point Wednesday and says the Fed does not need to raise them by the full percentage point that some expect. The Fed is widely expected to announce the 75 basis point increase to the fed funds rate. The futures market Tuesday was pricing 16% odds that the Fed could even announce a 100 basis point hike Wednesday afternoon. A basis point equals 0.01 of a percentage point. After the 75 basis point hike Wednesday afternoon, "I think the odds of them going 75 one more time are probably 50/50 at this point," he said.

☆ Wall Street breaks down how to trade the 2020 election, from a Trump triumph to a Biden blue wave
▼ + stars: | 2020-07-14 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

Whether or not you're ready, that moment has arrived in the form of the US presidential election. It's less than four months away, and Wall Street has already started turning its sights on what could transpire. Here are the 6 trades it recommends to profit from a Trump triumph — and 10 for a Biden blue wave. Read the full story: GOLDMAN SACHS: Wall Street is bracing for a historically wild stock market as the presidential election nears. Exclusive interviews with Gen Z day-traders throwing Wall Street for a loopReuters / Lucas JacksonA wave of retail investors has flooded the stock market with speculative bets and unexpected picks — and Wall Street is struggling to make sense of the trend.

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