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BlackRock's Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High 'Embedded Inflation' And Predicts Only 1 Reduction This Year
Benzinga
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2 months ago
Larry Fink, the CEO of BlackRock Inc., has projected that the U.S. Federal Reserve will not reduce interest rates as significantly as the market anticipates, citing high “embedded inflation.”
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