Odaily News Larry Fink, CEO of BlackRock, said at the annual flagship investment conference in Saudi Arabia that he believed the Fed would not cut interest rates at the pace expected by the market, and expected the Fed to cut interest rates by only another 25 basis points in 2025 because global inflation is higher than ever before. In addition, Anthony Scaramucci, founder of SkyBridge Capital, said at the Reuters Global Forum that the Fed will allow inflation to be higher than before in order to get out of the huge debt crisis. (Forbes)