Larry Fink Says Most CEOs He Talks to Think US Is in a Recession

BlackRock Inc. Chief Executive Officer Larry Fink said most CEOs he talks to think the US is in a recession, warning that stock markets could decline further as President Donald Trump’s tariff policies destabilize the world economy.

“The economy is weakening as we speak,” Fink, 72, said in an interview Monday at the Economic Club of New York, adding that he foresees more of an economic slowdown in the coming months.

Inflation is likely to be elevated, Fink said, casting doubt on the Federal Reserve cutting rates multiple times this year. As an example of worries spiking, Fink said ...