After Federal Reserve Chairman Jerome Powell’s first day of testimony on Capitol Hill, it became clearer that regulators want to be cautious about future economic data and the timing of interest rate cuts. Ta.
BlackRock’s co-head of fixed income ETFs, Steve Ripley, sits down with Yahoo Finance’s studio to assess the Fed’s inflation outlook and the delicate balance between financial balances and markets to navigate a possible soft-landing scenario. He highlighted the iShares ETF’s offerings.
Fed officials “want to have confidence that inflation will continue to decline,” Ripley said. “There’s a lot of discussion about some of the recent inputs into the calculations, but they’re still trying to make it clear that they’re going to continue to monitor the inflow of data, and here’s the scenario that I think is inflation.” As long as rates continue to fall, we are satisfied that the labor market is strong.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by luke carberry morgan.
