Jobs Report Was ‘Music to the Ears’ of the Fed, Says BlackRock’s Rick Rieder

June 06, 2025 08:45 AM PDT | By EODHD

Google News:

Jobs Report Was ‘Music to the Ears’ of the Fed, Says BlackRock’s Rick Rieder — Image source: Kalkine Media

Recent News

Kalkine: Nasdaq Today Sees Shift as Appian Alters Ownership Structure

Kalkine : Holley Inc Earnings Per Share Reflect Sector Momentum

Kalkine : Top NASDAQ Companies by Market Cap Amid AlTi Global Shift

Kalkine : NYSE Composite Trends Featuring Meritage Homes

Rieder expects that the Federal Reserve will be able to cut interest rates several times in the second half of the year because the labor market is coming into better balance with less upward pressure on wages. "Seeing reduced levels of hiring, lower wage increases, and lower quits rates is all music to the ears of the Fed, in terms of its ability to provide lower rate conditions that can help bring down the cost of mortgages, and which may encourage more home building," Rieder wrote. "Therefore, a virtuous cycle is possible, with a better balance in jobs leading to better balance in shelter (at lower rate levels), which then leads to better balance in inflation and a better balance in views amongst the Fed that they can be comfortable with easier monetary policy from here." Continue Reading View Comments

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.