Fink Says Fed on Hold in 2016 as Brexit Hurts Global Growth
- ‘Highly probable’ that Fed rates unchanged through December
- Fink comments in interview with Bloomberg Television
Fink: 'Highly Probable' Fed Is Done Tightening This Year
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Larry Fink, chief executive officer of BlackRock Inc., said Britain’s decision to leave the European Union will lead to weaker global growth, making it more likely that the Federal Reserve will not lift interest rates in 2016.