BlackRock CEO Fink Says Capital Competition May Keep Rates Elevated
Larry Fink says competition to raise capital could keep interest rates elevated over the long term, regardless of inflation. He cites the capital-intensive AI buildout and record federal budget deficits.
BlackRock Chief Executive Larry Fink says intense competition to raise capital is likely to keep interest rates elevated over the long term, regardless of how inflation evolves. The capital-intensive AI buildout is unfolding alongside record federal budget deficits that need to…