BlackRock doesn’t hurry to buy shares
2022.12.01 10:05
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BlackRock doesn’t hurry to buy shares
Budrigannews.com – BlackRok, Inc., On Thursday, the chief strategist of the IBI Investment Institute said on Thursday that asset management was not “chasing” the rise in share prices that followed the latest statements by Fed Chairman Jerome Power.
On Wednesday, financial exchanges were encouraged by Powell’s statement, who stressed that this year in the United States, the frantic pace of credit growth may slow down.
However, Wei Li said, speaking during a briefing for investors at BlackRok about the prospect of 2023, that Powell’s statements also indicate that the rate will continue to rise for some time. “We will not be able to extrapolate the results of each meeting.
She said: “Nothing has changed since Powell’s comment yesterday. It is very important when the rate reaches a peak, and when the rate decreases.”
“That’s why we are not watching the rally now”
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