BlackRock’s Rieder Signals Potential Half-Point Fed Rate Cut in September: What This Could Mean for Market Investors
July’s jobs report has sent shockwaves through the markets, and BlackRock’s chief investment officer for global fixed income, Rick Rieder, is sounding the alarm—and opportunity bell—for investors eyeing the Federal Reserve’s next moves. The labor market’s unexpected slowdown, with payrolls rising by only 73,000 in July (well below the forecasted 100,000), combined with downward revisions…