Fink warns of slowing US growth
Blackrock CEO Larry Fink told Bloomberg today that he's been speaking with CEOs and investment is falling and that the fourth quarter will be slower than Q3.
The Fed yesterday seemed to agree. First quarter growth was 0.9%, next week Q2 is expected to be revised to 1.3%. The Atlanta Fed is forecasting Q3 at 3.0% and something like 2.5% would put 2016 growth right around the Fed's forecast of 1.8%.
