BlackRock’s Rieder Sees AI Helping Buoy GDP Even as Hiring Slows

BlackRock’s Rieder Sees AI Helping Buoy GDP Even as Hiring Slows →

BlackRock Inc.’s Rick Rieder said last month’s surprise contraction in payrolls reflects a “productivity revolution” rather than economic weakness, arguing that the US economy remains on track for 6% nominal growth in gross domestic product…