Inflation Cooling but 2% Target Remains Elusive, Says BlackRock's Rieder

Source Summary

BlackRock's Rick Rieder commented on the latest CPI report, noting that while inflation is cooling, it remains above the Federal Reserve's 2% target. Rieder stated the economy is now "in the ballpark" and questioned whether raising overnight rates is the most effective approach to lower inflation further. He highlighted concerns about the long end of the yield curve, where fiscal deficits, heavy treasury issuance, and AI-related financing are pushing real rates higher.