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Entertainment Blackrock CEO Larry Fink warns before inflation

06:50  22 july  2021
06:50  22 july  2021 Source:   finanzen.net

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BlackRock Inc. Chief Executive Officer Larry Fink said that investors may be underestimating the potential for a spike in inflation . Fink , who now runs the world’s biggest asset manager, added that central banks may have to reassess their policies if higher prices become a concern. The Federal Reserve has committed to keep rates near zero in the near term and has indicated it will tolerate inflation above its 2% target to make up for the period where it dipped below that level.

BlackRock Inc Chief Executive Larry Fink said he does not see inflation as transitory and that the U.S. Federal Reserve will have to react to higher inflation numbers. "I am not calling for 1970's inflation but I just think we are going to have above 2% inflation .. probably closer to 3.5% to 4.0 A rapid rise in prices has left investors wondering whether inflation is likely to peak soon as economies emerge from the cloud of disruptions caused by the coronavirus pandemic, or if higher inflation is here to stay. Federal Reserve Chairman Jerome Powell has repeatedly stated that higher inflation https

The theme inflation has been in focus of investors and the market report for weeks. Through the loose monetary policy of the central banks during the Corona pandemic, the fear of investors increases from increasing interest rates and increased inflation. The Chairman of the US Residual Banks recently emphasized that the increase in inflation was temporary. The Larry Fink from Blackrock looks different.

Spencer Platt/Getty Images © Provided by Finanzen.net Spencer Platt / Getty Images

• Larry Fink goes from longer higher inflation from

• Blackrock increases wages of all employees as inflation compensation

• Despite the inflation worries, Fink Bullish remains for the stock markets

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Fink 's BlackRock was hired by the Fed to help execute the bond buying program. Congress also authorized trillions of dollars in fiscal stimulus to aid the beleaguered economy and the millions of Americans who lost their jobs. "If you had a balanced portfolio, over the last year you've done quite well," Fink acknowledged Wednesday morning, before the market opened. "You may be being hurt on your bond or cash allocation, but on your equity allocation you've done quite well, and for those who own homes, obviously they've been a big beneficiary of rising asset prices."

NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink said he does not see inflation as transitory and that the U.S. Federal Reserve will have to react to higher inflation numbers. "I am not calling for 1970's inflation but I just think we are going to have above 2% inflation .. probably closer A rapid rise in prices has left investors wondering whether inflation is likely to peak soon as economies emerge from the cloud of disruptions caused by the coronavirus pandemic, or if higher inflation is here to stay. Federal Reserve Chairman Jerome Powell has repeatedly stated that higher inflation here


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Not from central bank statements convinced

Larry Fink, CEO of the world's largest asset manager Blackrock , is not convinced of the arguments of Jerome Powell and the Fed. It is emphasized by the Fed repeatedly that the inflation pressure is temporarily and would decay as soon as the supply bottlenecks and other factors that are associated with the Corona pandemic would decay. Fink, on the other hand, does not believe that the high inflation was temporary as he said in an interview with CNBC. According to Fink, there have been a fundamental change in the way the monetary policy makers consider inflation. Here, the focus will be low enough to keep the prices for consumers from the worries about the wage level and the workplaces of the people. In an interview with the news agency Reuters, Fink said that he escaped from an inflation of about 3.5 to 4.0 percent.

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BlackRock CEO Larry Fink said investors may have underestimated the potential for inflation spikes. “Most people haven’t had a career of more than 40 years and have seen a decline in inflation for more than 30 years,” Fink said in a virtual event hosted by Deutsche Bank. “So This will be a big shock. “ Inflation concerns Has already penetrated the US market, and commodity prices such as wood and steel are rising this year. Fink began his career in First Boston in 1976, when inflation was high. The US Consumer Price Index reached a high of 14.8% in March 1980.

BlackRock CEO Larry Fink said in a CNBC interview on Wednesday that he is not seeing much demand for digital assets. Talking on CNBC’s “Squawk Box” before a call to discuss BlackRock ’s second-quarter earnings, Fink said he has been asked about crypto and bitcoin in the past, but not in On Monday, Moderna appeared to benefit from the struggles of one of its key vaccine maker rivals. The Food and Drug Administration added a warning to Johnson & Johnson's COVID-19 vaccine noting that it had been linked in extremely rare cases to an autoimmune condition known as Guillain-Barre

Blackrock increases the wages of employees by eight percent

Last week, the company Blackrock reported the numbers of the second quarter and beat the expectations significantly. The managed assets of the company rose by about 30 percent to 9.5 trillion US dollars. In the same direction, the asset manager announced to increase the basic salaries of all employees from September by eight percent. Thus, the company responded prematurely to inflation and would like to create a kind of inflation equalization for employees with the salary increase, as Harry Büsers reported by the commercial newspaper. Whether it is really about an inflation compensation or if this is only communicated in this way, because you want to get an advantage in the competition for the best workforce, remain unclear, so custard.

Despite inflation worries, Fink is confident for the stock markets

Despite the inflation worries, Fink is confident, which concerns the prospects for the stock markets. Of course, it will not only be straightforward and there will be certain reset and disappointments in between, but on the whole, on a medium and long term point of view, it should continue up, so Larry Fink in the interview. The general upward trend is further intact and the loose monetary policy continues to flow large amounts of cash in the markets. Whether Larry Fink is really right with its assessment of inflation and stock markets, remains to be waiting for the time being. FINANCEN.net

Back to '70s inflation? How Biden's spending spree will hurt your wallet .
Year-to-date, adjusted for inflation, average hourly and weekly earnings are both down almost 4 percent at an annual rate. While changes in the composition of the workforce are likely pulling down average wages, even if we address those compositional issues by looking at the Employment Cost Index or aggregate weekly earnings, the data indicate that employee compensation has generally not been keeping pace with inflation. In June, private employers' total weekly wage bill actually declined by 3.5 percent at an annual rate in inflation-adjusted terms.

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