BlackRock's Rick Rieder Think The Fed Cut Rates At September Meeting
Portfolio Pulse from Benzinga Newsdesk
BlackRock's Rick Rieder believes that the Federal Reserve will cut interest rates at its September meeting, as discussed in a CNBC interview.
August 13, 2024 | 7:14 pm
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POSITIVE IMPACT
Rick Rieder from BlackRock predicts a Fed rate cut in September, which could positively impact BlackRock's stock as lower rates often boost asset prices.
A Fed rate cut typically leads to higher asset prices, which can benefit BlackRock's investment management business.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rick Rieder's prediction of a Fed rate cut in September could lead to a short-term increase in the SPY ETF, as lower rates generally support higher stock prices.
Lower interest rates often lead to higher stock prices, which would positively impact the SPY ETF.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60