Opinion: Fed May Move Rates in Q1 2015

Stronger-than-forecast jobs growth underlines economic acceleration that may push the Federal Reserve to raise interest rates by the first quarter of 2015, BlackRock Inc.’s Rick Rieder said.

“The Fed will move faster than people think because the data is extraordinarily compelling,” Rieder, whose company is the world’s biggest money manager, said in an interview on Bloomberg Television’s “Market Makers” with Erik Schatzker. “If the data continues along the runway that it’s at, there’s no reason why it can’t move faster.”

Rieder, New York-based BlackRock’s chief investment officer for fundamental fixed income, spoke after the Labor Department reported U.S. employers added 288,000 workers in June. Economists in a Bloomberg survey estimated a gain of 215,000. The unemployment rate fell to an almost six-year low of 6.1 percent.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.