For BlackRock Inflation In The US Will Not Be Transitory

BlackRock Chief Executive Larry Fink told CNBC on Wednesday that he doesn’t think the rise in inflation in the world is fleeting, and that how the Federal Reserve and other central banks navigate this environment will matter. “I don’t think inflation is going to be transitory,” he said after U.S. consumer prices rose 0.9% in June, much higher than the consensus…