BlackRock is the world's largest asset manager.

CEO Larry Fink says the Federal Open Market Committee (FOMC) is not done raising rates:

Not expecting a recession:

  • "I don't see evidence that we're going to have a hard landing"
  • but there "pockets of problems" in the economy, for example the commercial real estate sector

On the debt limit show:

  • the "drama" around raising the government's borrowing limit had eroded trust in the dollar


Fink was speaking at a Deutsche Bank financial services conference.

Rick Reider is BlackRock's global fixed income CIO & PM, BlackRock is a multi-trillion fund manager