Rick Rieder is Managing Director, Global Chief Investment Officer of Fixed Income at huge fund manager BlackRock

  • Says we believe the Federal Reserve is targeting three rate hikes for 2018
  • Don't believe another rate hike is likely from the Fed until the December FOMC meeting
  • We think the European Central Bank is likely to keep its deposit rate at the existing low level for a very long time
  • ECB's quantitative easing program may begin to taper in January, process of removing this accommodation will also be protracted
  • Bank of Japan is likely to maintain accommodative policy on hold until inflation is decisively apparent in economy

via Reuters