BlackRock Inc's Rick
Rieder is buying longer-term bonds because softening inflation
could force the U.S. Federal Reserve to pause interest rate
hikes, the top fixed-income investor told Reuters this week.
U.S. households added nearly
$2.1 trillion to their wealth in the three months through
September, a sign that gains in stock markets were probably
supporting consumer spending before a recent market downturn,
Federal Reserve data showed on Thursday.
The U.S. securities regulator
should consider imposing stricter disclosure requirements on
institutional fund managers relating to how they vote in
corporate elections, a Securities and Exchange Commission (SEC)
official said on Thursday.