BlackRock Chief Executive Larry Fink argued on Friday that inflation in the United States is unlikely to drop below 4% any time soon from the current 5% revealed in the March data report. “It all depends on what is the pathway of inflation of the short run and pathway to the Fed … I believe inflation is going to be stickier for longer. In other words, I think we’re going to have a 4ish floor in inflation,” Fink told CNBC in an interview. Commenting on the economy, Fink said he believes the US will be able to avoid a major recession this year. “No, I don’t see a big recession … I’m not sure we’re going to have a recession in 2023, we may have it in early 2024,” he estimated.