CEO of Blackrock warns that U.S. is very close to a recession and may already be in one now

Apr 11, 2025

CEO of Blackrock warns that U.S. is very close to a recession and may already be in one now

Apr 11, 2025

(OPINION) BlackRock CEO Larry Fink has raised concerns about the U.S. economy, stating it is “very close” to a recession and may already be in one.

Speaking at a conference in New York, Fink pointed to persistent inflation, rising interest rates, and slowing consumer spending as key pressures on economic growth.

He noted on CNBC, that while the labor market remains resilient, cracks are forming in sectors sensitive to borrowing costs, such as housing and small businesses.


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Fink’s comments come amid mixed economic signals. Recent data shows inflation hovering above the Federal Reserve’s 2% target, with energy and food prices continuing to strain household budgets.

Meanwhile, retail sales growth has softened, suggesting consumers are pulling back. However, strong job creation and wage growth have so far prevented a sharper downturn, creating uncertainty about the economy’s trajectory.

The BlackRock chief also highlighted global risks, including geopolitical tensions and supply chain disruptions, which could exacerbate domestic challenges.

Fink urged policymakers to address structural issues like energy independence and workforce development to bolster long-term stability.

About the Author

End Time Headlines is a ministry founded, owned, and operated by Ricky Scaparo, established in 2010 to equip believers and inform discerning individuals about the “Signs and Seasons” of the times in which we live. Ricky authors original articles and curates news from mainstream sources, carefully selecting topics, verifying information, and utilizing artificial intelligence tools to ensure content is both timely and accurate. Every piece is personally reviewed and edited by Ricky to align with the ministry’s mission of providing a prophetic perspective on current events.

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