BlackRock CEO: The probability of the Fed cutting interest rates four to five times this year is zero, and interest rates may rise

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According to ChainCatcher, BlackRock CEO Larry Fink said, "A 20% market drop within three days has impacted customers and may trigger a chain reaction. From a long-term perspective, this is more of a buying opportunity than a selling opportunity. I am concerned that the United States as a country is not a stabilizing factor, and we are currently undermining stability. I worry that the White House's actions may exacerbate inflation more than the market expects, and the probability of the Federal Reserve cutting interest rates four to five times this year is zero, with interest rates likely to rise."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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