Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptopolitan 2024-10-29 18:34:13

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

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

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.