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External headlines: Tesla plummets 15%, Musk says X is experiencing a large-scale cyberattack, Apple operating system will undergo significant upgrades, and Consumer pessimism about the economy deepens.
The main headlines that Global financial media focused on last night and this morning include: New York Fed Survey: USA Consumers' Pessimism about the Economy Deepens. The monthly survey conducted by the Federal Reserve Bank of New York shows that USA consumers expect a slight rise in the short-term inflation rate, and they are increasingly pessimistic about their financial situation. The consumer expectations survey by the New York Fed indicates that the median expectation for inflation over the next year increased from 3% in January to 3.1% in February. Expectations for inflation over the next three and five years remain stable at 3%, which may slightly reassure decision-makers closely monitoring such predictions. President Trump's policies may lead to a slowdown in economic growth.
Blackrock CEO: The global economy will get better.
Larry Fink, the CEO of Blackrock, stated at a conference in Houston on Tuesday that he is optimistic about the long-term outlook of the global economy. "If you believe that despite tariffs and other factors, the world economy can still grow at a rate of 2%, 3%, or even 3.5% per year, it means these ports will be very busy," Fink said. He added, "We firmly believe that in the long run, the world economy will improve. The demand for global trade will only become stronger, not weaker." A consortium led by Blackrock announced last week that it has agreed to invest $22.8 billion to acquire certain assets.
Blackrock CEO: Nationalist policies in the USA will stimulate inflation.
Larry Fink, the CEO and Chairman of Blackrock, stated on Monday that nationalist policies, including the expulsion of workers, will exacerbate inflation in the USA. While speaking at the CERAWeek conference in Houston, Fink also mentioned that the market is currently not digesting inflation adequately, and prices are expected to rise further in the next six to nine months. He said, "I believe that if we all become more nationalist - I’m not saying this is a bad thing, you know, it does resonate with me - then there will be high inflation." Fink indicated that, for example, he believes large-scale expulsions could lead to problems in the Agriculture sector.
BlackRock's Fink: World Economy 'Is Going to Be Fine' -- WSJ
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