BlackRock warns that Fed rate hikes may cause economic slowdowns

Yahoo Finance published this video item, entitled “BlackRock warns that Fed rate hikes may cause economic slowdowns” – below is their description.

#interestrates #FederalReserve #Blackrock #Market #fed

Yahoo Finance markets reporter Alexandra Semenova joins the Live show to break down statements on how the Fed’s raising interest rates to combat inflation may in turn spark an economic slowdown.

Yahoo Finance YouTube Channel

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In This Story: BlackRock

BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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