Macro Finance
BlackRock’s Rieder Sees AI Helping Buoy GDP Even as Hiring Slows
Bloomberg Markets·August 7, 2026·1 min read
BlackRock's Rick Rieder said the surprise contraction in payrolls reflects a "productivity revolution" rather than economic weakness. He argued the US economy remains on track for 6% nominal GDP growth even as hiring stalls. The comments suggest AI is helping buoy economic output despite a slowing labor market.
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