BlackRock’s Rieder: ‘Stunning’ Jobs Report Points to 75 Bps Fed Hike

Rick Rieder, global fixed income CIO at BlackRock, says investors should expect the Federal Reserve to raise interest rates by 75 basis-points at its September meeting after a “stunning” US July employment report. “You have to assume that the Fed’s going to do 75 in September now, I think that’s got to be your base-case,” he says on “Bloomberg The Open.”

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