Ahead Of Fed Rate Meeting, BlackRock Remains 'Risk-On' US Equities Despite Sticky Core Inflation - SPDR S&P 500 (ARCA:SPY)
The BlackRock Investment Institute is maintaining its “risk-on” investment stance, remaining overweight in U.S. equities despite acknowledging that core inflation is proving sticky.What Is Driving BlackRock’s Positive Outlook On Equities?The firm cites a softening labor market, which is expected to give the Federal Reserve justification to resume cutting interest rates this week, and the powerful artificial intelligence (AI) theme as key drivers for its positive outlook.BlackRock’s base case scenario hinges ...