BlackRock’s Larry Fink predicts just one more 25bps Fed rate cut in 2024

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6 months ago bitnews

BlackRock’s CEO Larry Fink says don’t hold your breath for multiple Fed rate cuts in 2024. According to him, only one 25-basis-point cut is likely to happen before the year ends. Speaking at the Future Investment Initiative conference in Riyadh, he dropped his forecast, challenging market expectations for more cuts. BlackRock, managing over $10 trillion