BlackRock's Rieder Still Expects Fed Rate Hike in July

The transcript discusses the upcoming CPI report and its potential impact on the Federal Reserve's decision to hike interest rates in July. It highlights the influence of factors like used cars and shelter on CPI, suggesting a softer number is expected. Despite this, the Fed is likely to continue its rate hikes unless the CPI number is unexpectedly low. The discussion also touches on market expectations and the Fed's commitment to its current policy direction.

What does the speaker suggest about the market's anticipation of economic numbers?

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What challenges does the speaker mention regarding the Fed's decision-making process?

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