BlackRock's Rieder Still Expects Fed Rate Hike in July

The transcript discusses the upcoming CPI report and its potential impact on the Federal Reserve's decision to hike interest rates in July. It highlights the influence of factors like used cars and shelter on CPI, suggesting a softer number is expected. Despite this, the Fed is likely to continue its rate hikes unless the CPI number is unexpectedly low. The discussion also touches on market expectations and the Fed's commitment to its current policy direction.

What is the main factor that could prevent the Fed from hiking rates in July?

• A strong economic growth forecast

• A significant drop in the CPI number

• An increase in labor data

• A rise in used car prices

Which of the following is expected to contribute to a softer CPI number?

• Increase in food prices

• Decrease in shelter costs

• Rise in energy prices

• Growth in technology sector

How has the market reacted to the expected softer CPI number?

• The market is indifferent

• The market is surprised

• The market is confused

• The market has already anticipated it

What is the Fed's current stance regarding their mission?

• They are flexible and open to changes

• They are waiting for more data

• They are undecided

• They are committed to their current mission

What recent data makes it difficult for the Fed to change their course?

• Recent labor data

• New housing market trends

• Recent GDP growth figures

• Latest stock market performance