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.
The world is in a new era of low growth and high interest rates, according to BlackRock, the world’s largest asset manager.
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