BlackRock CEO and Chairman Larry Fink issued a stark warning about the potential consequences for markets and the broader economy after the U.S. administration announced a sweeping new tariff plan affecting nearly all major global trading partners.
Speaking publicly after the dramatic 20% drop in markets in just three days, Fink confirmed the shockwaves that hit investors.
“I see this as a buying opportunity rather than a selling opportunity,” Fink said. “But that doesn’t mean we can’t go lower.”
“We are probably in a recession right now,” Fink said, noting the compounding pressures from both monetary policy uncertainty and inflation risks stemming from recent White House decisions.
In addition, Fink said there was “no chance” the Fed would cut interest rates four or five times in 2025 as expected. He added that even a possible rate hike could be on the table.
The White House’s actions could be much more inflationary than the market expects, Fink said.
The BlackRock CEO also warned that markets could fall by an additional 20%.
*This is not investment advice.
Continue Reading: BlackRock CEO Larry Fink Issues Stark Warning Amid Fall
