BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
Publishing timestamp: 2024-04-12 11:46:34
Summary
BlackRock CEO Larry Fink expects the Fed to cut interest rates this year but believes it won't meet its inflation target. He predicts inflation will remain elevated and the Fed may have its sights set too high. Despite this, BlackRock reported strong quarterly earnings and record assets under management.
Sentiment: MIXED
Tickers: BLK,
Keywords: inflation, blackrock inc, interest rates, economy, business news,