BlackRock sees 'reasonable likelihood' of Fed raising rates to 6%

David Barbusia NEW YORK (Reuters) – The U.S. Federal Reserve is likely to raise interest rates, Rick Rieder, chief investment officer for global fixed income at BlackRock, said it would keep rates at 6% and keep them there for a long time to combat inflation. BLK ), the world’s largest asset management company Federal Reserve Chairman Jerome Powell told U.S. lawmakers on Tuesday that the The U.S. central bank is likely to become more aggressive on its rate hike path following recent strong economic data.