Reported 1 day ago
Despite inflation easing from pandemic highs, it remains above the Federal Reserve's 2% target. Torsten Sløk, chief economist at Apollo Global Management, suggests that the Fed should keep interest rates elevated for a longer period to effectively combat inflation. He anticipates a rate cut at the end of 2024 but emphasizes the need for higher rates to slow down the economy and bring inflation down to target levels.
Source: YAHOO