ICYMI – BlackRock CEO Fink said US inflation likely to be sticky now, stay above 2% target

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