Rieder projected a promising outlook for the financial markets and the U.S. economy, suggesting that the S&P 500 could surpass the 5,300-point mark by the end of the year.
BlackRock Inc (NYSE: BLK) Chief Investment Officer Rick Rieder says the firm believes the Fed will raise rates by another 75-basis points in its September Federal Open Market Committee (FOMC) meeting: here’s why.