Federal Reserve's decision on rate cuts and inflation

Federal Reserve Chairman Jerome Powell indicates that it is not the right time for rate cuts due to lack of progress in achieving inflation goals and increasing inflation data. Larry Fink from Black Rock blames massive spending projects for inflation. Powell is becoming more hawkish on future cuts but is currently holding off, possibly until mid to late summer.

Inflation Forecast by BlackRock CEO Larry Fink

BlackRock CEO Larry Fink believes it will be difficult to reach 2% inflation due to various factors including fiscal stimulus and poor legal immigration policies.