BlackRock CEO Sees Economy Weakening, Warns Trump’s Actions Could Ignite Inflation
- Larry Fink, CEO of BlackRock, warns of US economy weakening
- He sees zero chance of four or five interest rate cuts this year
- Fink doesn’t rule out another 20% market decline
BlackRock CEO Larry Fink spoke at the Economic Club of New York, a prestigious forum founded in 1907 to promote economic discussion among leaders.
He expressed big concerns regarding the current state of the US economy, attributing much of the instability to recent tariff policies implemented by President Donald Trump.
Fink: Tariffs Inflationary, Economy Weakening Now
Fink warns that the administration’s tariff actions are likely to be more inflationary than markets anticipate, potentially leading to increased consumer prices. He observes that the economy is weakening as we speak, a sentiment echoed by many CEOs who believe the US is already in a recession.
Contrary to market expectations of multiple interest rate cuts by the Federal Reserve, Fink sees “zero chance” of four or five cuts this year. He suggests that persistent inflationary pressures might even necessitate rate increases.
Stocks Risk Further Drop, But Fink Sees Buying Opportunity
The BlackRock CEO conti…
The post BlackRock CEO Sees Economy Weakening, Warns Trump’s Actions Could Ignite Inflation appeared first on Coin Edition.
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BlackRock CEO Sees Economy Weakening, Warns Trump’s Actions Could Ignite Inflation
- Larry Fink, CEO of BlackRock, warns of US economy weakening
- He sees zero chance of four or five interest rate cuts this year
- Fink doesn’t rule out another 20% market decline
BlackRock CEO Larry Fink spoke at the Economic Club of New York, a prestigious forum founded in 1907 to promote economic discussion among leaders.
He expressed big concerns regarding the current state of the US economy, attributing much of the instability to recent tariff policies implemented by President Donald Trump.
Fink: Tariffs Inflationary, Economy Weakening Now
Fink warns that the administration’s tariff actions are likely to be more inflationary than markets anticipate, potentially leading to increased consumer prices. He observes that the economy is weakening as we speak, a sentiment echoed by many CEOs who believe the US is already in a recession.
Contrary to market expectations of multiple interest rate cuts by the Federal Reserve, Fink sees “zero chance” of four or five cuts this year. He suggests that persistent inflationary pressures might even necessitate rate increases.
Stocks Risk Further Drop, But Fink Sees Buying Opportunity
The BlackRock CEO conti…
The post BlackRock CEO Sees Economy Weakening, Warns Trump’s Actions Could Ignite Inflation appeared first on Coin Edition.
Read More
Tariff Time Again: What New US tariffs on China Mean for Your Crypto