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