According to BlockBeats, on October 31, Larry Fink stated at the Saudi Arabia Annual Flagship Investment Conference, as reported by Forbes, that he believes the Federal Reserve will not cut interest rates at the pace expected by the market, forecasting that the Fed will only lower rates by 25 basis points again in 2025, as the current global inflation level is higher than ever.
In addition, Anthony Scaramucci, founder of SkyBridge Capital, stated at the Reuters Global Forum that the Federal Reserve will allow inflation to be higher than before to get out of the 'massive debt crisis.'