BlackRock's Rick Rieder: The Fed will keep rates on hold due to unemployment numbers

Despite the "breathtaking" jobs report, "there is still going to be a persistent unemployment dynamic that's going to keep the Fed on hold for a long time," says Rick Rieder, chief investment officer of global fixed income at BlackRock. "You're going to keep rates on hold for these levels for a long period of time."
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Wed, Jun 10 20208:31 AM EDT