Fed Isn’t Finished Raising Interest Rates to Fight Inflation, Larry Fink Says

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“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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