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https://d1-invdn-com.investing.com/content/picf5592239ac0589f8d33e15180753fe43.jpg“The Fed is not finished,” Fink said Wednesday during a financial services conference hosted by Deutsche Bank AG (NYSE:DB). “Inflation is still too strong, too sticky.”
Fink, 70, said there’s no guarantee that the US economy will tip into a recession and that it would be modest “if we even have one.”
BlackRock, which managed $9.09 trillion at the end of the first quarter, has seen a surge in client money flowing into bond funds after the Fed began hiking rates last year.
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