BlackRock investors: Interest rate hikes may make it harder for the Federal Reserve to achieve the 2% inflation target

ChainCatcher news, Rick Rieder, who is responsible for global fixed income and global asset allocation at BlackRock, pointed out that despite the good performance of the CPI index this week and the possibility that inflation is declining, he believes this is "the golden age of fixed income, not because interest rates will fall, but because you can earn substantial returns in your portfolio." Meanwhile, ironically, he wonders whether the sustained high interest rates will make it more difficult for the Federal Reserve to achieve its 2% inflation target, as the Fed has put a large amount of money into the hands of high-income households.