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Apollo Global Management, Inc. (APO)

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  • Reuters

    Apollo Global chief economist expects no Fed cuts this year

    The U.S. Federal Reserve is unlikely to cut interest rates this year as easier financial conditions will offset the impact of borrowing costs by keeping inflation sticky and the economy resilient, the chief economist of Apollo Global Management said. The U.S. central bank in December signaled an end to the historic tightening of U.S. monetary policy of the prior two years and that lower borrowing costs were coming, triggering a rebound in capital markets activity that boosted the economy and inflation. "We do believe that easier financial conditions will continue to offset the effects of rate hikes at least for the next several quarters," Torsten Slok told a webinar on Thursday.

  • Yahoo Finance

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  • Yahoo Finance

    Wall Street is divided over the rise of private credit

    The Wall Street debate about the rise of private credit is getting louder, with major figures from the biggest financial institutions disagreeing about risks and opportunities.