(Bloomberg) Apollo Management Chief Economist Torsten Slok said that a re-accelerating US economy, coupled with a rise in underlying inflation, will prevent the Federal Reserve from cutting interest rates in 2024. Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpNYCB Flags Weaknesses in Loan Oversight and Names New CEOIndia’s Blowout GDP Based on Data Distortion That Masks SlowdownFed’s Preferred Inflation Metric Increases by Most in a Year“The bottom li
Apollo Management Chief Economist Torsten Slok says the risk of a slowdown is going to be faster because of the lagged effects of Federal Reserve rate hikes and now the added-on banking crisis.. | March 27, 2023