According to Odaily, Rick Rieder, who is in charge of global fixed income and global asset allocation at BlackRock, has shared his views on the current economic situation. Despite the Consumer Price Index (CPI) performing well this week and inflation potentially on the decline, Rieder believes we are in the 'golden age of fixed income'. This is not due to falling interest rates, but because substantial returns can be achieved in the investment portfolio.
Interestingly, Rieder questions whether the ongoing high interest rates will make it more difficult for the Federal Reserve to achieve its 2% inflation target. This is because the Federal Reserve has put a large amount of money into the hands of high-income households. Rieder's comments provide a unique perspective on the current economic climate and the role of the Federal Reserve in managing inflation and interest rates.