3 weeks ago
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The post BlackRock CEO, Larry Fink Hints Additional 25bps Rate Cut in 2024! appeared first on Coinpedia Fintech News
During the ongoing Future Investment Initiative in Saudi Arabia, Larry Fink, CEO of BlackRock Inc. expressed his expectations concerning the Federal Reserve’s monetary policy by stating “We are going to have at least another 25 basis-point interest rate cut this year”. This highlights the ongoing restructuring in response to the present economic conditions. Despite additional pressure, Larry remains silent about the length of the rate cuts. He further states that “We are not going to see interest rates as low as some people are forecasting”.
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