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Fed Rate Hike Doesn't Make Sense Right Now, BlackRock's Rieder Says

1 source ·1 article ·10h ago BlackRock

Rick Rieder, CIO of global fixed income at BlackRock, says the July US employment report most likely takes a Federal Reserve rate hike off the table. Speaking on "Bloomberg The Open," Rieder says a rate cut is still possible this year. (Sou…

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