BlackRock's Larry Fink sounds off on investors expecting huge Fed rate cuts

BlackRock CEO Larry Fink said on Tuesday investors are wrong if they think the Fed will make massive interest rate cuts later this year because the billionaire money man believes the US economy will continue to grow. Fink dismissed market predictions that rates will be slashed further through the end of year after Chairman Jerome Powell lowered them by half a percentage point two weeks ago. It was the first reduction since 2020 and a bigger-than-expected cut as Western economies emerge from the aftermath of ...