General Directors believe that the US is “probably in recession,” says Larry Fink Blackro

Black CEO Larry Fink said on Monday that many business executives believe that the US economy is already in a significant decline.

“Most of the executives I talk to, they said we were probably in recession now,” Fink said at the New York Economic Club.

“One CEO specifically said that the airline is a notorious bird in a coal mine – a canar in a coal mine – and I was told that the Canary was already sick,” Fink added.

The head of asset management also stated that he thinks Tariff policy president Donald Trump It may exert inflation and burden the federal reserve system to reduce interest rates, as the Central Bank often does during recessions.

“This is the concept that the federal reserve system goes to ease four times this yearI see a zero chance on that. I am much more worried that we may have increased inflation, which will lead to the rate much higher than today, “Fink said.

Fed Fed Fed Fed Prices are currently believing that traders expect the Central Bank to reduce its benchmark by at least 1 percentage by the end of the year, reports CME Fedwatch ToolWhat could be four cuts of 0.25 percentage points.

At the end of 2024, BlackRock as a firm occupied more than 11 trillion. Dollars, spreading to public and private investments.

Fink’s comments were broadcast on Bloomberg television.

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