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BlackRock's Rieder Sees 'Productivity Revolution' in US

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BlackRock’s Rick Rieder described the July US employment report as “unremarkable.” He expects ~6% nominal US GDP growth, citing a “productivity revolution,” implying no immediate change to the macro outlook for rates.

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BlackRock’s Rick Rieder described the July US employment report as “unremarkable.” He expects ~6% nominal US GDP growth, citing a “productivity revolution,” implying no immediate change to the macro outlook for rates.

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