BlackRock's Rieder believes Fed is right that inflation is temporary but says it should act to taper now

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U.S. producer prices increased more than expected in April in another hotter-than-expected inflation report Thursday. Rick Rieder, chief investment officer of global fixed income at BlackRock, joined "Squawk Box" on Thursday to discuss the numbers and how he thinks the Fed will react to inflation fears.

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BlackRock's Rieder believes Fed is right that inflation is temporary but says it should act to taper now
BlackRock's Rieder believes Fed is right that inflation is temporary but says it should act to taper now

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