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BRIEF-Blackrock's Bob Miller says fed is likely to deliver rate hike in June, despite quiet May minutes
May 24, 2017 / 7:24 PM / 4 months ago

BRIEF-Blackrock's Bob Miller says fed is likely to deliver rate hike in June, despite quiet May minutes

May 24 (Reuters) - Blackrock’s Bob Miller :

* The fed is likely to deliver a rate hike in June, despite quiet May minutes

* Says the central bank’s goal of full employment has effectively been achieved

* In our view, inflation data is sufficient to support further policy rate normalization by the fed

* Still no clear guidance with respect to pace for reducing reinvestment, or for terminal size, ultimate composition of balance sheet

* We think markets are not adequately pricing in continued policy normalization over next year

* Says fed is at some risk of repeating the 2004 to 2006 experience of gradual, predictable, rate hikes Further company coverage:

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