BlackRock's chief investment officer: as the US job market cools, rate hikes should stop
Rick Rieder, chief investment officer of BlackRock's global fixed income department, said in an email after the release of U.S. non-farm data on Friday that the Fed may now end its anti-inflation battle because the U.S. labor market has created historic gains in the past three years. After 26 million jobs are cooling. In fact, 26 million jobs is equivalent to adding the total population of an economy the size of Australia. #BTC #ETH
Rick Rieder, chief investment officer of BlackRock's global fixed income department, said in an email after the release of U.S. non-farm data on Friday that the Fed may now end its anti-inflation battle because the U.S. labor market has created historic gains in the past three years. After 26 million jobs are cooling. In fact, 26 million jobs is equivalent to adding the total population of an economy the size of Australia. #BTC #ETH