Reported about 2 months ago
Rick Rieder, BlackRock's chief investment officer of global fixed income, urges the Federal Reserve to implement a 50 basis points rate cut in September to spur economic growth and alleviate consumer debt pressures. He highlights troubling trends in delinquencies and warns that while the economy has decelerated, it hasn't faced a crisis yet. Market indicators remain mixed, with consumer spending showing resilience, prompting debates on the pace of future rate cuts.
Source: YAHOO