Wall Street always loves a hot take, and Rick Rieder didn’t just toss one; he effectively lit the runway. In a remarkably insightful Yahoo Finance interview, BlackRock’s fixed-income boss stated that he expects the Fed to cut interest rates in December, not next year, while laying out why the market has already signaled this. He touts cooling inflation and a dicey labor market that’s quietly softening due to AI-fueled productivity, along with rate pain that’s showing up exactly where it hurts the most: t ...