BlackRock CEO Larry Fink told CNBC on Friday that the United States economy has deteriorated significantly in recent months.
"I think we're very close, if not in, a recession now," Fink shared in the interview. He explained that a slowdown is expected until there is more certainty. "And we now have a 90-day on the reciprocal tariffs - that means longer, more elevated uncertainty," he concluded.
Earlier today, following BlackRock’s latest earnings release, the CEO revealed that the widespread uncertainty about the future of global markets is causing growing anxiety among the bank's clients.
