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BlackRock's Rieder Sees AI Helping Buoy GDP Even as Hiring Slows
News August 07, 2026 at 01:36 PM
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What You Need To Know
- The chief investment officer says the U.S. economy remains on track for 6% nominal growth in gross domestic product even as hiring stalls.
- U.S. nonfarm payrolls unexpectedly decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures.
- His fund is favoring European fixed income, emerging markets and securitized assets.
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