Fed's messaging unleashed significant tailwinds: Apollo's Sløk
Federal Reserve officials are holding interest rates higher for yet another month as Fed Chair Jerome Powell is prioritizing easing inflation data over possible rate cuts. Apollo Global Management Chief Economist Torsten Sløk — who was one of the earliest on Wall Street to believe the Fed wasn't going to cut rates at all this year — joins Market Domination to discuss what the Fed's latest monetary policy is signaling about the rate environment.
"I don't think this was their intention, I think that they just looked very innocently at the dual mandate that they had been given by Congress — inflation should be 2%, we should have full employment — and they said... maybe we don't need to have interest rates so high anymore," Sløk says about the Fed's messaging.
"What they didn't recognize, and maybe only realized later, was that when you, after several years of having said interest rates are going up, up, up, you did not have many IPOs, you did not have much M&A activity. So as a result of that, that has now been unleashed and that is, as we speak, creating much more activity in capital markets, much more consumer spending... because we now have a significant tailwind because of that signal change."
Sløk goes on to estimate the chances of a rate cut to occur this year and how these economic uncertainties are manifesting in equity markets (^DJI, ^IXIC, ^GSPC), even small-cap stocks in the Russell 2000 (^RUT).
Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Luke Carberry Mogan.
相關影片推薦
- 2:53【娛樂訪談】黎芷珊談許志安眼濕濕:「有驚喜……唔同咗」Yahoo OMG Videos52,462 次觀看・1 天前
- 2:08美受刑人勞工爆未受訓從事危險工作 高速公路撿垃圾、滅野火 慘遭截肢求助無門Yahoo 國際通14,320 次觀看・7 小時前
- 1:28中國野生動物園疑經營不善 20隻東北虎「非自然死亡」 包括10隻虎寶寶Yahoo 國際通16,196 次觀看・1 天前
- 1:30義大利90歲阿嬤運動員超狂 200公尺跑51.47秒 破世界紀錄Yahoo 國際通9,040 次觀看・7 小時前
- 1:06西隧港島出口工程2027年完工 議員質疑過慢now.com 影音新聞5,903 次觀看・6 小時前
- 4:20【娛樂訪談】五屆金像獎得主 - 文念中:心目中得兩位大師Yahoo OMG Videos13,085 次觀看・6 小時前
- 0:30青馬大橋往九龍方向今日( 15 日)下午 2 時許發生車禍。Yahoo新聞56,600 次觀看・2 天前
- 2:11公務員薪酬趨勢淨指標升4.01%至5.47% 政府稱非最終結果 會考慮財政狀況now.com 影音新聞22,297 次觀看・1 天前
- 0:44電話攔截程式負責人:用通訊錄權限為增加資料庫準確性now.com 影音新聞11,497 次觀看・8 小時前
- 0:31夏寶龍澳門考察第五日 飲早茶及訪問大學now.com 影音新聞7,913 次觀看・7 小時前
熱門必看
- 4:20【娛樂訪談】五屆金像獎得主 - 文念中:心目中得兩位大師Yahoo OMG Videos13,077 次觀看・6 小時前
- 2:53【娛樂訪談】黎芷珊談許志安眼濕濕:「有驚喜……唔同咗」Yahoo OMG Videos52,446 次觀看・1 天前
- 4:53黃劍文《凡星》(原唱:陳蕾)|Yahoo Lunch KYahoo OMG Videos58,377 次觀看・3 天前
- 4:32黃劍文《你最珍貴》(原唱:張學友)|Yahoo Lunch KYahoo OMG Videos13,496 次觀看・3 天前
- 3:37黃劍文《三天兩夜》(原唱:張學友)|Yahoo Lunch KYahoo OMG Videos17,396 次觀看・3 天前