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BlackRock CEO Larry Fink Talks About Interest Rates: Will They Go Up or Down?

BlackRock CEO Larry Fink predicts that the Federal Reserve may cut interest rates in the near future but expects a rate hike if the U.S. economy remains strong. He warned about the potential for persistent inflation due to factors such as a labor shortage, rising wages, and material shortages from infrastructure and energy transitions. Fink also expressed concerns about rising global deficits and debt levels, which could increase the cost of financing. Despite describing the current state of the economy as "very strong," Fink suggested that the Fed could postpone rate cuts for now but did not rule out future increases.

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