The Tell: ‘Not a 2008 redux,’ but BlackRock is ready for opportunities amid ‘damage’ of rate hikes and recession

Waiting for central banks to slash rates? Think again.

That was BlackRock BLK, the world’s biggest asset manager, on Thursday warning investors not to count on cracks in the banking sector to spur central banks to cut rates “as they used to do in episodes of financial stress.”

While pointing to different “cases” in the banking sector that…

This post was originally published on MarketWatch

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