Home News Wall Street Bosses Are More Worried About Inflation Than the U.S. Election

Wall Street Bosses Are More Worried About Inflation Than the U.S. Election

October 30, 2024

by David Hollerith
Yahoo! Finance

Some of the top figures on Wall Street sound more concerned about the persistence of inflation than the occupant of the Oval Office in 2025.

“I do believe we have greater embedded inflation in the world than we’ve ever seen,” BlackRock (BLK) CEO Larry Fink said Tuesday at the Future Investment Initiative in Saudi Arabia, adding that “no one is asking the question, ‘At what cost?'”

Few of the Wall Street figures who attended the annual Future Investment Initiative confab were willing to offer a strong prediction on whether Kamala Harris or Donald Trump would win on Nov. 5.

Continue Reading at Finance.Yahoo.com…

© 2024 Inflation Café

Inflation Café (IC) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. IC content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. IC does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by IC. Readers are cautioned not to rely solely on IC content for investment decisions.

IC and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. IC is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. IC does not charge its viewers/listeners/readers any fees. By accessing IC content, users agree that IC and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided.