Conflict Escalation Could Impact Growth

Ursula Marchioni, investment and portfolio solutions EMEA head at BlackRock, discusses what to expect from today’s Federal Reserve’s interest rate decision. Speaking on Bloomberg Television, Marchioni says she agrees with the view the Fed will hold rates today. She also comments on the potential impact of current geopolitical tensions on markets and the broader economy. “If we were to see an escalation and, for example, Iran production were to get hit or the Strait of Hormuz were to be closed, I think that it’s where you would start to see a transmission mechanism unlocking towards further inflationary pressure and potential impact on growth,” Marchioni tells Bloomberg’s Tom Mackenzie.