BlackRock (BLK) released its 2024 outlook, avoiding concrete predictions on potential Fed rate cuts despite recent market moves betting on easing monetary policy. With analysts divided on whether the Fed engineers a soft landing or the economy ultimately heads into a recession, BlackRock states that post-pandemic data has not shown reliability for confident projections. Against this backdrop of uncertainty, Yahoo Finance’s Josh Schafer analyzes BlackRock’s perspectives, providing insights into its cautious tone on the trajectory of inflation heading into the new year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A Securities and Exchange Commission filing revealed BlackRock (BLK) received $100,000 from a currently unknown seed investor for a proposed spot bitcoin ETF. Many companies, including Fidelity, Invesco, Grayscale, and others are patiently waiting for SEC approval for a spot bitcoin ETF. Bitcoin (BTC-USD) is up more than 20% for the month as sentiment grows bullish for the cryptocurrency on approval hopes. Yahoo Finance Jared Blikre joins the Live show to break down the latest numbers and developments surrounding BlackRock and bitcoin. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Latin America's social and investment needs will outstrip its annual economic growth in coming years, the region's head strategist for BlackRock investment firm said on Tuesday, saying the region's economy could grow some 3% by 2026. Axel Christensen, head regional strategist at the world's largest asset manager, said this estimate came from forecasts from multilateral organizations and investment banks and did not represent BlackRock's official guidance for the region.