Central Banks

BlackRock’s Fink Says Market Is Wrong on Fed Rate-Cut Bets

Firm’s CEO says US economy to continue to grow at 2%-3% pace
Sees infrastructure spending, calls for corporate China ties

WATCH: “I don’t know why we talk about a hard or soft landing,” Fink says. “We’re going to grow at 2% to 3%.”Source: Bloomberg

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By Anchalee Worrachate and Loukia Gyftopoulou

October 1, 2024 at 8:13 AM UTC

Updated on

October 1, 2024 at 11:03 AM UTC

This article is for subscribers only.

BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow.

“I don’t see any landing,” Fink told Bloomberg Television’s Francine Lacqua in an interview Tuesday on the sidelines of the Berlin Global Dialogue 2024 conference. “The amount of easing that’s in the forward curve is crazy. I do believe there’s room for easing more, but not as much as the forward curve would indicate.”