A surprisingly early debt-ceiling deadline and recent regional-bank woes probably won’t keep the Federal Reserve from raising interest rates at its policy meeting on Wednesday, according to BlackRock’s Rick Rieder.
The Fed will likely hike its benchmark interest rate by 25 basis points to a target range of 5% to 5.25%, said Rieder, BlackRock’s chief investment officer in global fixed income and head of the firm’s global allocation investment team, in a phone interview Tuesday.
“Then…
Read the full article here