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Crypto Breaking News

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Bloomberg

Rieder Likens US Economy to 'Three Month Old Birthday Cake'

BlackRock Global Fixed Income CIO Rick Rieder says the US economy is tricky right now, comparing it to a three-month-old birthday cake where the icing tastes great but underneath isn't so good. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder says AI will change the ecosystem and the Federal Reserve should pull back a bit to evaluate.

Read more: Rieder Likens US Economy to 'Three Month Old Birthday Cake'
Bloomberg

AI Contributing to 'Solid' Jobs Report, BlackRock's Rieder Says

BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout.

Read more: AI Contributing to 'Solid' Jobs Report, BlackRock's Rieder Says