BlackRock strategist warns Fed hikes risk amid oil-driven inflation
BlackRock strategist said any Fed rate increases would likely reflect rising oil prices boosting inflation risks, and outlined recommended funds.
A BlackRock strategist said that if interest rates are raised by the Federal Reserve and Chair Kevin Warsh, it will be because surging oil prices have lifted inflation risks. There are a few things more important to watch than interest rates, the strategist said, adding that the Federal Open Market Committee…