Rick Rieder predicts Fed may raise rates to 6%, leading to stock market decline
BlackRock’s Rick Rieder predicts Fed may raise rates to 6%, leading to stock market decline. Powell warns against premature loosening.
BlackRock’s Rick Rieder predicts Fed may raise rates to 6%, leading to stock market decline. Powell warns against premature loosening.
Nasdaq Futures are indicating a subdued start for Wall Street this week, with the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1 down in pre-market trading.
Jerome Powell, the current Federal Reserve Chairman, has overseen a period of growth in the stock market despite volatile economic events.
The stock market saw a significant surge this week as investors processed the latest interest rate hike from the Federal Reserve, impressive January jobs report, and key earnings from companies such as Facebook’s parent company, Meta Platforms, and Peloton.
Following comments from Federal Reserve Chairman Jerome Powell, cryptocurrency prices surged with an analyst predicting further explosive moves.
Investors are keeping a close eye on the December Consumer Price Index, as U.S. stock futures experienced a slight increase during Sunday’s overnight trading.