BlackRock ( BLK), has lowered its outlook for stocks due to 

persistent inflation and increasing economic uncertainty. 

BlackRock's Investment Institute strategists said Monday 

that the company had reduced its exposure to developed market equity 

They cited aggressive intervention by central bankers to control rising prices in the global economy. 

Jean Boivin, a strategist, stated in Monday's note that "Right now  

we believe the Fed has bound itself in by responding politically to rein in inflation 

"Eventually, we believe that fighting inflation will cause irreparable damage to growth and 

job creation, so central banks will continue to live with higher inflation."