BlackRock CEO Larry Fink urges India to prioritize domestic capital markets over foreign inflows for sustained economic participation. He highlights India’s advanced financial infrastructure, from digital payments to asset tokenization, as a strong foundation for growth. Fink also downplayed AI bubble concerns, emphasizing underinvestment risks, especially in the US, amidst China’s progress.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation