Keep pulling the thread on Rick Rieder.
Rick Rieder asserts that the majority of aggregate consumption in the US economy is currently driven by the top 10% of earners.
Nvidia is planning a bond sale targeting $20 billion.
The S&P 500 index increased by nearly 2% following a peace agreement announcement.
The NASDAQ 100 index increased by more than 3% following a peace agreement announcement.
There is an estimated $8 to $9 trillion held in money market funds.
There is an estimated $19 trillion held in deposits.
More than 20 central banks are scheduled to make policy decisions this week.
The 3-month moving average for core goods inflation is 0.1%.
The 6-month moving average for core goods inflation is 0.4%.
Rick Rieder states that current latent inflation is concentrated in the services sector, specifically in areas like insurance and education, rather than in goods.
Rick Rieder believes that recent geopolitical developments may lead the European Central Bank to pursue fewer interest rate hikes than previously expected.
Rick Rieder argues that raising the federal funds rate is an ineffective tool for reducing inflation in sectors like healthcare, education, and insurance.