Reported 6 days ago
Larry Fink, CEO of BlackRock, argues that the market is overestimating the number of Federal Reserve interest rate cuts, citing ongoing growth in the US economy. During an interview, he expressed skepticism about the extent of easing reflected in money markets, which imply significant rate cuts. Fink believes current government policies lean towards inflation rather than deflation, suggesting that systemic risks in the market are less than ever, with corporate earnings set to remain strong.
Source: YAHOO