Blackrock (BLK.US) CEO Fink stated in an interview with CNBC that there is a possibility of the yield on the USA 10-year Treasury rising to 5.5%, as well as a chance of it dropping to 4%. He indicated that the incoming USA president will make widespread changes and decisions for the economy, and everyone will be watching closely. Regarding inflation, some economists expect the Federal Reserve to cut interest rates three more times this year, while others believe it will stop cutting rates or even raise them. He is unclear about the current situation, but the range of possible outcomes is broader than anticipated four months ago, and the possibilities in the financial market are similarly expansive.
Fink also expects that the overall quarterly results of American companies will be stronger, but the appreciation of the dollar will have a significant impact on the results of the fourth quarter. Additionally, he believes that corporate profits will exceed expectations due to the resilience of the USA economy, and he considers the economic situation in the USA to be very good. However, whether inflationary pressures will begin to increase is expected to be clarified by March this year, although the range of possible outcomes is even broader than before.
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