BlackRock, Pimco Push Back Against Bets Inflation Cooling Fast

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Wei Li, the chief investment strategist at BlackRock’s research arm, is surprised at the extent to which investors are betting on growth picking up, inflation slowing, and policymakers switching to rate cuts later this year. Her base case is for a mild recession and persistent above-target price growth. The market, meanwhile, is assuming the kind of macroeconomic landscape that will turbo-charge risk assets, she said.  



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