BlackRock Chief Executive Officer Larry Fink speaking with CNBC on Friday, posting as a catch up.
- “I think we’ve seen a low in inflation, and I think inflation can
be sticky between 3 and 4%. - And if I’m right about job
creation and the need for labor, and how that’s going to elevate
wages, we’re going to be in a period of 3 to 4% inflation - (this) will translate into a Fed that I think is going to be reluctant to
turn off its platform of raising rates” - also said that
prices for energy, housing and used cars could start to rise again in
the coming months
This article was written by Eamonn Sheridan at www.forexlive.com. Source