BlackRock’s Fink Calls Elevated Inflation World’s ‘Biggest Risk’
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BlackRock Inc. Chief Executive Officer Larry Fink said investors are too quick to conclude that high inflation is over, raising the prospect that bond yields will rise along with steeper prices.
“The biggest risk we have worldwide today is the world believes we are past the high point of inflation,” Fink told Bloomberg Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland, noting that his view conflicts with what market forces are saying. “I could truly see a scenario where we are going to have elevated inflation.”