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Friday, July 31, 2020

Fed isn't changing rates for a long time: Rick Rieder


Fed isn't changing rates for a long time: Rick Rieder



BlackRock global fixed income CIO Rick Rieder says the Federal Reserve isn't going to touch the interest rates for a very long time and believes they're going to grow the size of their balance sheet. He later discusses the possible economic recovery in the second half of the year, how the American markets are reacting to coronavirus and big tech stocks.

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Train drivers accept pay deal to end strike action

Aslef said 96.6% of its members who voted backed the deal, marking the end of long-running strikes. from BBC News https://ift.tt/LxCn1G9