Posted 4/12/2024, 2:57:57 PM
BlackRock's Fink Predicts 1-2 Fed Rate Cuts in 2024, Calls Getting Inflation to 2.8-3% a Win
- BlackRock CEO Larry Fink expects the Fed to cut rates 1-2 times in 2024
- Fink says it will be hard for the Fed to curb inflation, though getting it down to 2.8-3% would be a win
- BlackRock took in $76B in long-term investment fund inflows in Q1 2022
- Fink has warned inflation would prove sticky when others expected quicker rate cuts
- The Fed began raising rates in March 2022 to tackle inflation, getting to 5.25%-5.5% before leaving them unchanged since July
