BlackRock’s $1.9 trillion bond chief explains how everyone is misunderstanding the cause of market turmoil
|11/04/2018||Posted by BusinessMediaguide.Com under General World News||
- Rick Rieder, BlackRock’s chief investment officer of global fixed income, says the recent market turmoil was triggered by fears that wage growth would lead to higher inflation.
- In a note shared exclusively with Business Insider, Rieder, who oversees $1.9 trillion in assets, laid out a contrasting view on how wage growth influences inflation.
- The October jobs report due Friday is expected to show that wage growth topped the milestone it hit before the recent sell-off.
The February and October stock market corrections shared an identical trigger that hasn’t gone unnoticed — at least by one expert.