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BlackRock’s Rosenberg Says Markets Still Want a September Rate Cut

DeFi Daily News by DeFi Daily News
August 2, 2024
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BlackRock Portfolio Manager Jeffrey Rosenberg says the July payrolls report was disappointing and the Federal Reserve will likely want to push back against cutting rates by 50 basis points in September. But he says the markets will want to see a cut. He’s on “Bloomberg Surveillance.”

Sign up for the Surveillance newsletter to make sense of the markets with Lisa Abramowicz and catch the best on-air moments with her and co-hosts Tom Keene and Jonathan Ferro from Bloomberg Television’s flagship morning show. Plus, David Westin’s Wall Street Week on Saturdays: https://bloom.bg/4ebYzJg
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Tags: BlackrocksBondsCentral Bank Interest RatescutFederal ReserveHourly EarningsJeffrey RosenbergJob CutsjobsJonathan FerroMarketsnonfarm payrollsPartipation)RateRosenbergSeptemberU.S. Jobs Report (Jobless Claimsunemployment
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