BlackRock CEO: Expected to cut interest rates by another 25 basis points this year

2024-10-31 13:00:19

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BlockBeats news, on October 31st, according to Forbes, Larry Fink said at the annual flagship investment conference in Saudi Arabia that he believes the Fed will not cut interest rates at the speed expected by the market. It is expected that the Fed will only cut rates by 25 basis points again in 2025, because the current global inflation level is higher than ever. In addition, Anthony Scaramucci, founder of SkyBridge Capital, said at the Reuters Global Forum that the Fed will allow a higher inflation rate than before to escape the "enormous debt crisis".

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