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Blackstone president Jon Gray on the firm's increased investment pace: "We think it'll be a very good environment here moving forward because that cost of capital is coming down, the Fed will cut rates ... we're excited to put behind us the last two-plus years." https://t.co/u1fSZw2Z4p
Blackstone President Jon Gray calls recent inflation data "very constructive for the Fed." "Their medicine is working," he says. https://t.co/yYg6EOlhfm
.@Blackstone President Jon Gray calls recent inflation data "very constructive for the Fed." "Their medicine is working," he says. https://t.co/Kb5l3GzifN
Blackstone, the world's largest alternative asset manager, is ramping up its investment pace in anticipation of looming interest rate cuts. President Jon Gray sees signs of inflation waning and believes the Fed has room to reduce rates. Gray views recent inflation data as positive for the Fed, indicating that their policies are effective. The firm is optimistic about the future investment environment with lower cost of capital expected.