Overview

• Larry Fink, CEO of BlackRock, stated that the U.S. economy is very close to or may already be in a recession, citing ongoing trade policy uncertainties.
• Fink pointed to President Trump's recent 90-day pause on reciprocal tariffs as prolonging economic uncertainty and weakening business investment confidence.
• He warned of potential inflationary pressures, including a projected 26% rise in new home prices, due to escalating trade tensions and policy shifts.
• Despite short-term challenges, BlackRock remains focused on global expansion and investment in megatrends like artificial intelligence and infrastructure.
• Fink underscored the importance of proactive corporate strategies, noting BlackRock's commitment to advising global clients through current market volatility.