11:55 AM EDT, 04/12/2024 (MT Newswires) -- BlackRock ( BLK ) Chief Executive Larry Fink said Friday in an interview with CNBC that the Federal Reserve would likely still lower interest rates in 2024

"When everybody said we're going to have six cuts earlier this year, from noted economists, I said maybe two," Fink told CNBC. "I'm still saying maybe two."

Fink also said that the central bank would be unable to meet its inflation target of 2%.

"Do I believe that we could get a stable inflation between 2.8% and 3%? I'd call it a day and a win," Fink said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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