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ICYMI - BlackRock CEO Fink said US inflation likely to be sticky now, stay above 2% target

BlackRock Chief Executive Officer Larry Fink speaking with CNBC on Friday, posting as a catch up. "I think we’ve seen a low in inflation, and I think inflation can be sticky between 3 and 4%. And if I’m right about job creation and the need for labor, and how that’s going to elevate wages, we’re going to be in a period of 3 to 4% inflation(this) will translate into a Fed that I think is going to be reluctant to turn off its platform of raising rates"also said that prices for energy, housing and... Read More

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Icymi

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Fink

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Inflation

Likely

Sticky

Now

Stay

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Forex

Posted: Jul 17 2023, 01:06

Author Name: forexlive

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