BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to 'overweight' on Tuesday, saying investors were realizing that the U.S. Federal Reserve may have to become more aggressive in its campaign to subdue inflation.
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid
Macroeconomic data in recent weeks has pointed to a resilient economy with inflation stubbornly far from the Federal Reserve's 2% target.
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