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BlackRock's Rick Rieder and CNBC's Delivering Alpha Conference on September 28, 2023.
BlackRock CIO for global fixed income Rick Rieder.

CNBC

  • It's time for the Federal Reserve to end its war against inflation, according to Rick Rieder.
  • "My sense is they should be done," the BlackRock bond chief told CNBC Thursday.
  • The central bank has signaled it could raise interest rates again before the end of 2023.

It's time for the Federal Reserve to call an end to its war against soaring, according to Rick Rieder.

BlackRock's CIO for global fixed income said Thursday that the central bank shouldn't raise interest rates again – but acknowledged it may tighten further in a bid to kill off inflation for good.

"I think so," Rieder told CNBC's "Closing Bell", in response to a question about whether interest rates are close to peaking.

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economy, economy, us-economy-and-markets, Bonds, federal-reserve, Inflation, stock-market-analysis, stock-market-outlook, stock-market-strategy, investing-analysis, investing-outlook, investing-strategy, BlackRock, rick-rieder
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The Fed should call time on its inflation battle, BlackRock bond guru Rick Ried…