Rick Rieder believes new technologies, especially AI, will significantly change the economy and reduce production costs, potentially helping to manage government debt. He expects AI's impact to be faster than the internet's, and sees current valuations of large tech companies as reasonable given their growth rates and profitability. #Technology #AI #FiatNews

Rick Rieder of BlackRock indicates that the longer end of the yield curve is less attractive due to high projected budget deficits and potential vulnerability to continued inflation. He finds shorter-term bonds more appealing given their current yields. #Bonds #FiatNews

BlackRock's Rick Rieder sees negative pressure in the housing market and a long-term disinflationary outlook as reasons for the Federal Reserve to cut interest rates now. He notes that if the Fed lowers rates to 3.25%, they would still be above the expected inflation rate of under 2.75%. #InterestRates #FiatNews

Rick Rieder of BlackRock suggests the US economy, driven by services, can grow despite debt. He anticipates disinflationary pressures from new technologies, which could also help reduce government debt-to-GDP ratios through increased economic growth. #Economy #FiatNews

The 'Magnificent Seven' tech stocks, including #NVDA and #MSFT, have surged nearly 50% since April, driving Q2 S&P 500 earnings growth. Robust earnings have alleviated concerns about excessive spending on AI development. #TechStocks #AI #FiatNews

Market volatility has significantly decreased. The VIX index is at its lowest since December, and the MOVE index for bond market volatility is the calmest since 2022, indicating strong investor confidence. #VIX #MarketVolatility #FiatNews

Swap markets are pricing in a 90% chance of a 25-basis point rate cut by the Fed in September, with some traders anticipating an even larger 50-basis point reduction. #FederalReserve #InterestRates #FiatNews

U.S. stock markets are reaching new record highs, driven by hopes for an imminent Fed rate cut. The S&P 500 is up nearly 30% from its April low and 12% since Trump's election victory in November. #SP500 #StockMarket #FiatNews

Favorable U.S. inflation data has eased stagflation concerns, paving the way for potential monetary policy easing. Risk assets, including small-cap stocks, emerging markets, and tech giants, are seeing sharp gains, while volatility indicators are falling. #Inflation #Markets #FiatNews

U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to cut interest rates by at least 1.5 percentage points, stating that a 50 basis point reduction could start as early as September. He believes revised labor market data suggests rates should be significantly lower. #Fed #InterestRates #FiatNews