Bloomberg Talks BlackRock Global Fixed Income CIO Rick Rieder Talks Fed Rates
Nov 8, 2025
Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, shares insights on the current economic landscape. He argues for lower Fed rates to support small businesses and housing. Rieder highlights the importance of data in shaping BlackRock's investment strategy, including credit card analytics and AI tools. He discusses record bond sales amid tight financial conditions and raises concerns about frothy valuations in the tech sector. Rieder also emphasizes the need for yield-curve stability and a careful Fed transition.
AI Snips
Chapters
Transcript
Episode notes
Economy Showing Mixed Strengths
- Rick Rieder sees the economy in decent shape with uneven strength across income groups and sectors.
- He emphasizes a significant softening in the labor market observable in multiple data points.
Use High-Frequency Data And AI
- Use high-frequency data like credit-card flows and text-mined corporate disclosures to inform positioning.
- Combine scenario analysis and AI tools to estimate inflation and growth rate change dynamics.
Trim Duration, Hunt Carry, Favor Agencies
- Reduce front-end duration and interest-rate sensitivity while harvesting carry when policy is expected to be data-dependent.
- Shift from investment-grade credit into agency low-coupon mortgages when spreads compress and rates stabilize.