CandleFocus Renowned Economist Surprised While Everyone Talks About Interest Rate Cuts: “Instead of Interest Rate Cut in 2025…”
2024-12-16
Author: Content Editor
The FED may need to raise interest rates again in 2025, according to Torsten Slok, partner and chief economist at Apollo Global Management. Slok cites stronger-than-expected economic data, such as GDP growth of 2.8% in Q3 2024, and inflation levels above the Fed's 2% target, as reasons for a potential rate hike. He also suggests that potential policy changes under the Trump administration, if re-elected in 2024, could contribute to inflationary pressures. Slok's outlook challenges the common view that the Fed could cut rates in mid-2025, highlighting the risk of higher interest rates instead.
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