Source: Jin10 Data

Blackrock CEO Larry Fink said that considering the continuous growth of the US economy, the market has overpriced the Fed's multiple rate cuts.

Fink said: "I don't think there's going to be any landing. The ease of the forward rate curve is crazy. I do think there's further room for easing, but not as much as the forward curve suggests."

He said: "Some sectors of the economy are struggling. Some sectors are performing very well. We have spent too much time focusing on underperforming submarkets."

When discussing interest rate prospects, Fink said he finds it hard to see rates falling another 200 basis points because "more of the policies implemented by the government tend to lean towards inflation rather than deflation."

He expects the USA economy to continue growing at a rate of 2%-3%, refuting analysts' concerns.But after the bursting of the internet bubble and the Fed's rate cut in 2001, the ROI dropped by more than 10%.mayhard landingThe statement.

Moreover, Fink stated that infrastructure is a vital component to stimulating growth in every economy, with the private sector having enough funds to support investments.

He added: "Looking around the world today, I find that almost every country has an issue with insufficient infrastructure, so we need to decarbonize, we need to digitalize, we need to move forward, we need to build more and more, I think this is a big issue."

As of June this year, the world's largest asset management company manages approximately $10.6 trillion in assets. The company has been aggressively entering the infrastructure financing field, while also expanding into the lucrative asset category of private markets. It has sparked an acquisition boom, announcing a $12.5 billion acquisition of Global Infrastructure Partners this year, a deal that will be completed on Tuesday, and also acquired the alternative data provider Preqin.

Last month, BlackRock stated that it is collaborating with Microsoft and other companies to gradually raise $30 billion in private equity capital to fund the data warehouses and energy infrastructure behind the prosperity of artificial intelligence.

Fink also pointed out that in addition to the equity portion, they will also raise up to $120 billion in debt related to these data centers.

He said in an interview, "Infrastructure is a key component of our economic growth stimulus. Due to the breadth of capital markets, we do not have to rely on federal or state government spending. The private sector has enough capital, and we will be able to provide funding for these new projects. So, for me, this is a dawn of a new reality, where we will see an expansion of public and private investment in infrastructure."

Editor / jayden