Fed won't cut interest rates in 2024, Apollo's Sløk predicts
03/02/2024 03:59
Market indices (^DJI, ^IXIC, ^GSPC) steadily move upward intraday Friday — the first trading day of March — staying in the green after February's rally. In an email, Apollo Global Management Chief Economist Torsten Sløk laid out why he believes the Federal Reserve will not cut interest rates in 2024. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) Julie Hyman and Madison Mills examine Sløk's prediction alongside recent commentary from Fed officials. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Reuters
Fed's Kugler 'optimistic' on disinflation without big job losses
"I am cautiously optimistic that we will see continued progress on disinflation without significant deterioration of the labor market," Kugler said in remarks prepared for delivery to the Stanford Institute for Economic Policy Research Institute's annual economic summit. Kugler notably did not lay out her expectations for when or how fast the Fed should cut its policy rate, which it drove up rapidly in 2022-2023 and has held in the 5.25%-5.5% range since last July.