Rieder said the latest U.S. inflation figures, while firmer than readings in recent months, still came in below the worst-case scenarios feared by markets. He pointed to encouraging signs in several core inflation components, which are now running at lower levels than in recent years.
“The trajectory in some of these key areas remains constructive,” Rieder said, adding that the data reinforces his view the Federal Reserve will start easing policy at its September meeting.---
Rick Rieder is BlackRock's CIO of Global Fixed Income.
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