The Fed might do one hike this year, but likely won’t be able to do that one given global economic, geopolitical, and competitive monetary policy dynamics.

Rick Rieder

Categorized in : Money

The rolling over of the growth rate of corporate profits in recent quarters should feed through to a worsening jobs picture by the back half of 2016.

Hence, with today’s report, we continue to believe that this is a Fed that will move at most two times this year, with the potential for no movement at all in policy rates.

We think parts of the high-yield market are pretty attractive. by Rick Rieder

We think parts of the high-yield market are pretty attractive.

The long end is the better part of the curve. by Rick Rieder

The long end is the better part of the curve.

We have a good portion of our risk in Europe today, i do think th... by Rick Rieder

We have a good portion of our risk in Europe today, i do think the policy's going to be aggressive.

We think they make sense, the policy's going to be aggressive. by Rick Rieder

We think they make sense, the policy's going to be aggressive.

I think they should go and I think the markets would be in better shape if they do, but that being said I think the confluence of opinion around if they will go has waned.

A lot can happen between now and middle of September. by Rick Rieder

A lot can happen between now and middle of September.

Bunds start to get interesting at around the 1-percent level. by Rick Rieder

Bunds start to get interesting at around the 1-percent level.

That back and forth will be on for another week or so. by Rick Rieder

That back and forth will be on for another week or so.

While the European economy is doing reasonably well, the ECB isn't going to end the program before September 2016.

I think this Federal Reserve has shown the propensity to be patient and wait longer, but we think there is plenty of impetus for them to move.