BlackRock's Rick Rieder Says Fed 'Patience' Is Right Call Despite $820 Billion Market Rout, Oil Spike

The ‘Episodic’ Nature of Supply ShocksRieder also emphasized the critical distinction between short-term commodity pain and long-term economic trends.In a recent post on X, Rieder noted that while near-term inflation expectations have jumped due to energy and geopolitical supply shocks, these events tend to be “episodic.”Rather than signaling a return to sticky, uncontrollable inflation, Rieder explained that these sudden spikes “act more like a tax on consumers.”Rate Cuts Remain On The TableThe recent sell ...