Blackrock CEO Larry Fink said that due to the continuous growth of the US economy, the market has digested too many Fed rate cuts. "I haven't seen any (economic) landing," Fink said in an interview on Tuesday. "The level of looseness on the forward curve is crazy. I do believe there is room for further easing of policies, but not as much as the forward curve suggests." The trend in the currency market implies a one-third chance of another 50 basis point rate cut by the Fed in November, with a total of about 190 basis points cut by the end of next year. Fink said he finds it hard to see this scenario becoming a reality, as most government policies at the moment are more likely to trigger inflation rather than deflation.
贝莱德CEO:未看到美国经济着陆 市场对美联储的降息预期过度
Blackrock CEO: No signs of a US economic landing, market expectations for Fed rate cuts are excessive.
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