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Bloomberg

BusinessBloomberg·Aug 7, 2026·1 min read

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

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…

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