Dow 28,000 Possible in 6 Years: BlackRock's Fink: ""I believe the fixed income market is going to respond with higher rates, but not arguably very high rates," Fink predicted. "That's still supporting an equity market."
"The Federal Reserve may still take its foot off the pedal and we can debate when that will be—whether it's in September," he continued, "I actually believe it will be later."
"The [Fed] chairman also said he's focused on employment, He's not focusing on data. And the data is actually mixed. You have consumer confidence much higher, but you have manufacturing data slowing down."
"The economy is not at full throttle," he explained, but it feels better than it is because consumer confidence is rising."
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