BX - Blackstone Hits Two-Year Investment Peak Anticipates Fed Rate Cuts Amid Easing Inflation: Report | Benzinga
Blackstone Inc. (NYSE:BX) reportedly ramped up its investment activity to a two-year peak in the second quarter, anticipating the U.S. Federal Reserve’s impending interest rate cuts.
The head of the private investment group based in New York informed the Financial Times that inflation appeared to be easing across its portfolio, including its substantial $336 billion property business.
“The Fed has and will have air cover to cut rates,” said Jonathan Gray, president of Blackstone, The Financial Times reported. “Their medicine has been working.”
During the quarter, Blackstone invested ...