BlackRock's Fink: Inflation Will Be Sticky, But That'll 'Help' Since Wages Are Rising, Food 'Moderated' -- It Was Bad Before

During an interview aired on Tuesday's broadcast of CNBC's "Mad Money," BlackRock CEO Larry Fink said that he thinks "we're going to have higher inflation than most people believe, and much of that is going to help those people who are worried. Wage inflation is continuing. Food inflation has moderated in the last six to 12 months." But we failed to account for how bad it was in late 2022 and early 2023.