The Fed won't cut interest rates this year, says Apollo Global's Torsten Slok
Torsten Slok, Apollo Global Management Chief Economist, joins 'Closing Bell Overtime' to talk the April jobs report, the state of the U.S. economy, why he thinks Fed cuts won't come this year and more.
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He has been right every time unlike hatzius from GS
Interesting take. Haven't seen anyone else bring up these seasonal adjustments. Will be interesting to see where the revisions and CPI are later this month. The reaction of the markets and the rest of the talking heads has been typically overzealous; CPI sneaking in hotter than expectations again will have commentators doing another 180.
@honkhonkler7732
23 күн бұрын
Bingo. Markets are delusional due to the last 15 years of bad monetary policy. They're expecting to turn a corner that likely won't come.
Th crash is coming
@xfall86
22 күн бұрын
Oh really. Have a ton of cash waiting for the crash to buy more