CEOs, Wall Street Titans Brace For Sustained Market Downturn: 'There's Too Much Confidence In The System'
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CEOs and Wall Street leaders are preparing for a prolonged market downturn following President Trump's recent tariff announcement, which has raised concerns about a potential recession and inflation. Larry Fink of BlackRock indicated that many CEOs believe the U.S. is already in a recession, while Leon Cooperman of Omega Advisors warned of excessive confidence in the market and the risks ahead. Both emphasize the challenges posed by tariffs and their impact on the Federal Reserve's interest rate decisions.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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