BlackRock’s Rick Rieder on Why the Fed Must Keep Cutting Rates Despite a Strong September Jobs Report

The U.S. economy continues to surprise analysts, as the September 2024 jobs report showed far stronger-than-expected job growth. According to a report by CNBC, nonfarm payrolls surged by 254,000, surpassing the Dow Jones forecast of 150,000, while the unemployment rate fell to 4.1%. Despite this strong data, Rick Rieder, BlackRock’s Chief Investment Officer of Global […] source: https://www.cryptoglobe.com/latest/2024/10/blackrocks-rick-rieder-on-why-the-fed-must-keep-cutting-rates-despite-a-strong-september-jobs-report/