🏦 **BlackRock: Weekly Commentary — June Payrolls Test Ahead of Rate Path**
BlackRock Investment Institute's latest weekly market commentary focuses on the June U.S. payrolls report, released in a holiday-shortened trading week around July 4, as a key gauge of labor market strength and the trajectory of interest rates.

**Why it matters:** A stronger- or weaker-than-expected payrolls print could shift market expectations for the Fed's rate path over the second half of 2026, affecting positioning across equities and fixed income.
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