Apollo chief economist Torsten Slok laid out 10 reasons the Fed won't cut rates in 2024.
AdvertisementAdd Apollo chief economist Torsten Slok to the growing chorus of people skeptical the US will see a rate cut this year.
"As a result, the Fed will not cut rates this year, and rates are going to stay higher for longer."
Underlying inflation trends are moving higher, not coolingBLS, Cleveland Fed, Atlanta Fed, Haver Analytics, Apollo Chief Economist3.
RB of Atlanta, NFIB, Haver Analytics, Apollo Chief Economist.
Persons:
Torsten Slok, Slok, —, Jerome Powell
Organizations:
Service, Bloomberg, Apollo, Cleveland Fed, Atlanta Fed, BEA, Haver, RB
Locations:
Atlanta, NFIB