3rdPartyFeeds News

Key Words: Blackstone’s Jonathan Gray sees talk of quick Fed pivot to rate cuts as overblown

Alternative-investment company exec said the Federal Reserve is unlikely to start cutting interest rates as soon as some predict. Read More...

Blackstone Inc. Chief Operating Officer Jonathan Gray said Thursday that talk of the U.S. Federal Reserve cutting interest rates soon is overblown.

“The Fed is likely to pause or maybe go 25 basis points higher from here, but I think they’re unlikely to pivot as quickly as the market is expecting,” Gray said in an interview with the Financial Times.

Read More

Add Comment

Click here to post a comment