There are "pockets of stress" within an otherwise strong US economy, Apollo's co-president Jim Zelter said.
Many corporate borrowers are grappling with high debt and a slow recovery from the pandemic.
AdvertisementCorporate borrowers represent "pockets of stress" within an otherwise robust economy, according to Apollo Global Management co-president Jim Zelter.
A string of strong economic indicators has been released in recent weeks.
The conundrum for investors has been that strong economic data pushes back on expectations for rate cuts in the near-term.
Persons:
Jim Zelter, Zelter, —, there's, it's
Organizations:
Service, Apollo Global Management, Bloomberg, Fed