Mar
28
BlackRock Joins Pimco Warning Investors to Seek Inflation Hedge
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Oil costs, labor market could push up inflation, Turnill says
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Fed Chair Yellen is scheduled to speak in New York on Tuesday
BlackRock Inc. joined Pacific Investment Management Co. in recommending inflation-linked bonds and warning costs are poised to pick up.
“Stabilizing oil prices and a tighter labor market could contribute to rising actual, and expected, U.S. inflation,” Richard Turnill, BlackRock’s global chief investment strategist, wrote Monday on the company’s website. “We like inflation-linked bonds and gold as diversifiers.” New York-based BlackRock manages $4.6 trillion…
BlackRock Joins Pimco Warning Investors to Seek Inflation Hedge