Reported about 21 hours ago
Larry Fink, CEO of BlackRock, stated at the CERAWeek conference that nationalistic policies in the U.S., including worker deportations, are likely to drive inflation higher. He warned of potential labor shortages in sectors like agriculture and emphasized that tariffs imposed by the Trump administration could lead to increased import costs. Fink highlighted that markets are already anticipating inflationary consequences in the coming months.
Source: YAHOO