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BlackRock CEO Fink says inflation remains sticky, expects at least two more Fed rate hikes

BlackRock CEO Fink says inflation remains sticky, expects at least two more Fed rate hikes
BlackRock is the world's largest asset manager. CEO Larry Fink says the Federal Open Market Committee (FOMC) is not done raising rates:expects at least another 2 hikes, as many as 4!"The Fed is going to have to be more vigilant. The economy is more resilient than the market realizes" "I just don't see evidence of a reduction in inflation"Not expecting a recession:"I don't see evidence that we're going to have a hard landing"but there "pockets of problems" in the economy, for example the co... Read More
Posted: May 31 2023, 20:53
Author Name: forexlive
Views: 101880

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