Fed may hike rates four times this year: BlackRock's Rieder

The Federal Reserve could hike interest rates as many as four times this year, a move that markets are not sufficiently anticipating, BlackRock Inc's chief investment officer of global fixed income said on Wednesday. "If the Fed does move in March, we could see as many as four hikes in 2017, and as long as data remains supportive, very likely three hikes," Rick Rieder said in a note. The Federal Reserve held interest rates steady earlier on Wednesday in its first meeting since President Donald T