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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
2024-10-30
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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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