BlackRock’s Rick Rieder says the latest CPI report gave markets reason to celebrate, but inflation remains above the Fed’s 2% target. He argues the economy is now “in the ballpark” and that raising overnight rates may not be the most effective way to bring inflation lower. The bigger issue for ...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-15/inflation-is-cooling-but-is-2-out-of-reach-video)