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...

By Bloomberg Markets · Bloomberg Markets

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. (Source: Bloomberg)