Reported 2 months ago
Despite recent market volatility and predictions of interest rate cuts by the Federal Reserve, experts warn that the economy is not on the brink of recession. Apollo Global Management's chief economist, Torsten Slok, asserts that the economic landscape remains mixed, and although job cuts are low, increased unemployment is attributed to a higher labor supply. He emphasizes the need for a careful approach to rate cuts, suggesting that a 'soft landing' is still achievable if inflation continues to decrease.
Source: YAHOO