BlackRock CEO Larry Fink's Insights on Interest Rates, Inflation, and Recession

BlackRock CEO Larry Fink predicts that the Federal Reserve will raise interest rates two to three more times due to sticky inflation. He also commented on the recent banking crisis, stating that the large US banking system is strong, but small regional banks may face difficulties. Fink believes that the upcoming quarterly earnings reports from small and regional banks could potentially trigger more bank collapses, as they may have to pay higher rates for deposits and have big losses in their bond portfolios.