BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation.
Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy.
“Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note…
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