U.S. markets open in 7 hours 59 minutes
  • S&P Futures

    4,133.75
    -19.75 (-0.48%)
     
  • Dow Futures

    32,974.00
    -181.00 (-0.55%)
     
  • Nasdaq Futures

    13,992.75
    -42.25 (-0.30%)
     
  • Russell 2000 Futures

    2,215.70
    -14.90 (-0.67%)
     
  • Crude Oil

    71.88
    +0.24 (+0.34%)
     
  • Gold

    1,770.70
    +1.70 (+0.10%)
     
  • Silver

    25.81
    -0.16 (-0.63%)
     
  • EUR/USD

    1.1865
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    1.4500
    0.0000 (0.00%)
     
  • Vix

    20.70
    +2.95 (+16.62%)
     
  • GBP/USD

    1.3800
    -0.0009 (-0.06%)
     
  • USD/JPY

    109.8470
    -0.3030 (-0.28%)
     
  • BTC-USD

    34,114.77
    -1,689.33 (-4.72%)
     
  • CMC Crypto 200

    844.93
    -95.01 (-10.11%)
     
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • Nikkei 225

    27,936.74
    -1,027.34 (-3.55%)
     

Here is where higher inflation really hurts, says world’s largest asset manager

·3 min read
Here is where higher inflation really hurts, says world’s largest asset manager
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

U.S. bond markets may be shrugging off concerns about the spike in the cost of living, but higher prices at the pump, for used cars and at grocery stores inflict a 'direct hit' to lower-income households, warns BlackRock's Rick Rieder, CIO of global fixed income.