Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022.
Michael M. Santiago | Getty Images
Revelation 13:16-18 Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.
Important Takeaways:
- The CEO of Blackrock, which oversees over $10 trillion in assets, sees one rate reduction before the end of this year, compared to the two trims that other market participants have forecast.
- “I think it’s fair to say we’re going to have at least a 25 (basis-point cut), but that being said, I do believe we have greater embedded inflation in the world than we’ve ever seen,” Fink said.
- The Fed cut its benchmark rate by 50 basis points in September.
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