BlackRock's Rosenberg: AI Dominates Current Macroeconomic Data

BlackRock portfolio manager Jeffrey Rosenberg has highlighted a trade-off between strong non-farm payroll data and weak wage growth. According to Jin10, Rosenberg noted that the report does not signal any significant changes and suggests a 'status quo' approach for the Federal Reserve. On a broader scale, he emphasized that current macroeconomic data is increasingly dominated by AI themes. 'When we look at GDP data and spending, the driving factors are no longer primarily consumption but more capital expenditures. In financial markets, the significant impact is also more about AI,' he stated.