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Ralph Schlosstein on Fed Rates, Harris Vs. Trump, M&A Activity
Posted
September 13, 2024
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13:08Now PlayingRalph Schlosstein, chairman emeritus at Evercore, discusses his views on markets, the US economy and the prospects for either a Kamala Harris or a Donald Trump presidency. Speaking on Bloomberg Television, the BlackRock co-founder echoed recent optimism from Barclays and Morgan Stanley that more M&A deals are on the cards even though any economic uncertainty could still affect transactions. He also said he hopes the Federal Reserve will cut interest rates by 50 basis points next week, more aggressive than the anticipated 25 basis points.
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