Bloomberg Surveillance: BlackRock's Russ Koesterich
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 14 February 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
BlackRock Global Allocation Fund Portfolio Manager Russ Koesterich discusses his expectation that the Fed will cut rates in June even after a hotter-than-expected January CPI report and says now is the time to stay long equities. He speaks with Bloomberg Surveillance hosts Jonathan Ferro and Lisa Abramowicz.
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Transcript
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| 1:00.3 | We begin with our top story coming off the back of a sell-off in both stocks and |
| 1:03.5 | bonds traders pushing back fed rate cut bets following a hot C. P. I report Russ Kostrich |
| 1:08.1 | of Blackrock holding on to June saying this the C. P. P. P. P. |
| 1:11.0 | P. P. P. P. P. P. P. P. P. P. P. P. M. saying this |
| 1:13.2 | the C. P. P. P. P. It will not be a straight path. |
| 1:15.8 | We continue to believe that June is the most likely month for the Fed to begin cutting. |
| 1:20.0 | We expect three rather than four to five cuts this year. |
| 1:23.6 | Russell am pleased to say, joined us now. |
| 1:25.6 | So Russ, let's talk about the data, let's build on yesterday |
| 1:28.0 | this morning. |
... |
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