Here is where higher inflation really hurts, says world’s largest asset manager
June 10, 2021 at 14:25 PM EDT
U.S. bond markets may be shrugging off concerns about the spike in the cost of living, but higher prices at the pump, for used cars and at grocery stores inflict a 'direct hit' to lower-income households, warns BlackRock's Rick Rieder, CIO of global fixed income.
