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Blackstone Finance Chief Chae Says US Inflation Is ‘at Target’
Blackstone Inc. Chief Financial Officer Michael Chae said the firm is “cautiously optimistic about a soft landing,” signaling the alternative asset manager is betting the Federal Reserve’s efforts to tamp down inflation won’t trigger a US recession. “Soft landings are hard to land,” Chae said Wednesday at the Barclays Global Financial Services Conference. “They’re pretty rare in history — but where we sit today looks pretty encouraging.” Bureau of Labor Statistics data paint a mixed picture of inflation and set the stage for a more gradual pace of rate cuts. The core consumer price index — which ... (full story)
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- Posted: Sep 11, 2024 6:20pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,021
