BlackRock investment officer Rieder believes that the Fed has shorter to cut interest rates twice this year

Rick Rieder, chief investment officer of BlackRock Global Fixed Income, believes that bond investors, who have been tormented by yield rise for a month, are expected to find some comfort from slowing inflation and the Federal Reserve soon. As inflation slows in the coming months, the Fed is on track to cut interest rates twice this year. "It’s getting harder and harder for them to do that, but I still think they can. Rieder said BlackRock has trimmed its Intrerest Rate exposure, investing more towards short-duration and can start stretching the duration once it sees a couple of good inflation reports and evidence of a slowdown in employment.