Larry Fink Says Higher Rates Are Here to Stay -- WSJ

By Jack Pitcher

A fierce competition to raise capital is likely to keep interest rates elevated long term, regardless of what happens with inflation, says BlackRock Chief Executive Larry Fink.

The capital-intensive AI buildout is coming at the same time as record federal budget deficits that need to be plugged with debt, creating a surge of bond issuance, Fink told analysts on BlackRock's third-quarter earnings call Wednesday morning.

"All that means we're going to have structurally higher interest rates for longer," he said.

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(END) Dow Jones Newswires

October 14, 2026 08:41 ET (12:41 GMT)