BlackRock CEO warns that the U.S. is entering a recession, and U.S. stocks may fall another 20%
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BlackRock CEO Larry Fink warned that the United States is entering a recession, and the stock market could fall another 20%. He stated that many business leaders believe the economy is weakening, and high inflation reduces the likelihood of interest rate cuts by the Federal Reserve. Fink mentioned that airline executives reflect a decline in travel demand, indicating increasing economic concerns. He believes that although the market may decline, this could be a buying opportunity in the long run
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