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The Fed Won’t Lower Interest Rates this Year as much as Markets Anticipate

Larry Fink, the CEO of Blackrock, stated Tuesday at a panel of CEOs in Riyadh, Saudi Arabia, that the U.S. Federal Reserve will not lower interest rates as much as markets anticipate because “embedded inflation” is too high.

Unlike other market participants who have predicted two rate cuts, Fink, whose massive fund manages over $10 trillion in assets, will only see one rate cut before the year is up.

Fink stated on a panel at the Future Investment Initiative, Saudi Arabia’s annual flagship investment conference, that “I think it’s fair to say we’re going to have at least a 25 (basis-point cut), but, that being said, I do believe we have greater embedded inflation in the world than we’ve ever seen.”

Our policies and government are far more conducive to inflation. No one is questioning “at what cost” in relation to immigration, our onshoring policies, or anything else.

In the past, our economy was more consumer-driven, the greatest things were the best, and the most progressive forms of politics were the cheapest.

Source (CNBC)

SourceCNBC
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