BlackRock CEO Larry Fink said on Monday that most other CEOs he talks to believe that the U.S. is already in a recession, but called the moment a "buying opportunity" for those able to maintain their investments in the long run.
Speaking at the Economic Club of New York, Fink said that "the economy is weakening as we speak" and that "most CEOs I talk to would say we are probably in a recession right now." He added that inflation will likely remain high, something that would reduce the chances of rate cuts by the Federal Reserve soon.
