Stubborn inflation could keep interest rates higher for longer, said BlackRock CEO Laurence Fink on Tuesday. Fink said that he expects at least a quarter-point decrease before the end of 2024, but potentially less easing in the coming years than markets are pricing in. “I do believe we have greater embedded inflation in the world than we’ve ever seen,” Fink said at the Future Investment Initiative, an investment conference in Saudi Arabia, on Tuesday.