Fed could raise 率s as much as twice this year -BlackRock's Rieder

By Trevor Hunnicutt

NEW YORK, Feb 5 (Reuters) - The 連邦の Reserve wants to raise 利益/興味 率s one to two more times this year and will do so if インフレーション gathers steam, BlackRock Inc's Rick Rieder told Reuters this week.

Rieder, who is 長,指導者 投資 officer of 全世界の 直す/買収する,八百長をするd income for the world's largest 基金 経営者/支配人, said markets 推定する/予想する the Fed's next move on 率s will be to 削減(する) them. Many 投資家s are 予報するing a 後退,不況 by 2020 with 限られた/立憲的な basis for such a (人命などを)奪う,主張する, he said in a phone interview on Monday afternoon.

"The Fed would still like to get a 引き上げ(る) or two done," によれば Rieder. "The markets' 解釈/通訳 is a bit extreme."

Rieder's 見解(をとる)s about the Fed and 財政上の markets are 広範囲にわたって followed. BlackRock 会社/堅い managed $5.98 一兆 as of the end of 2018, with a third of that in 社債s. He also sits on the New York Fed's 投資家 (a)忠告の/(n)警報 委員会 on 財政上の Markets.

In a sharp 逆転 of his 姿勢 in December, Fed Chairman Jerome Powell said last week that the Fed has "the 高級な of patience" in deciding whether to raise 率s again.

未来s tied to the 連邦の 基金s 率 are 現在/一般に pricing in a 13 パーセント chance of one or more 削減(する)s by next January, compared to a nearly 8 パーセント chance of 引き上げ(る)s. 仲買人s 割り当てる an 圧倒的な probability that the Fed's 的 範囲 will remain 2.25 パーセント to 2.5 パーセント.

Rieder has argued since October that the Fed could, should and would pause 率 引き上げ(る)s given tame インフレーション. At the time the 見解(をとる) was not ありふれた.

Yet the second half of the year often 配達するs stronger 経済的な data and could open a window for その上の 引き上げ(る)s in time for the Fed's 政策 会合s in June, September or December, Rieder said.

The Fed is 縮むing its (武器などの)隠匿場所 of 社債s bought after the 2008 財政上の 危機 to 刺激(する) lending and 投資, and central 銀行業者s signaled last week that the 資産-shedding 操作/手術 could end sooner than 以前 thought. The F ed's balance sheet is 負かす/撃墜する to $4.1 一兆 from a 頂点(に達する) of $4.5 一兆.

Rieder said the Fed should move to end its 削減 of 社債s.

"While $4 一兆 sounds like a very big number, the U.S. economy is a very big number," said Rieder, given a U.S. economy around $20 一兆 in 年次の 甚だしい/12ダース 国内の 製品. "They can run a bigger balance sheet and give themselves some 柔軟性."

Rieder said he has been buying longer-称する,呼ぶ/期間/用語 社債s, 現れるing-market 負債 denominated in 地元の 通貨s and U.S. 投資 grade credit. But he said he is 避けるing てこ入れ/借入資本d 貸付金s given 女性 投資家 保護s, a lower 見込み of rising 率s that would 上げる the 貸付金s' value and the 可能性 that issuers will not 支払う/賃金 on schedule. (報告(する)/憶測ing by Trevor Hunnicutt; Editing by Jennifer Ablan and Cynthia Osterman)

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