Economist Warns of Stagflation Risk, Dampens Stock Market Hopes

Economist Warns of Stagflation Risk: Sløk, Apollo Globals chief economist, sounds the alarm about stagflation, a slow-growth, high-inflation scenario. Despite recent inflation cooling, he believes this risk persists, potentially dampening stock market gains. Sløk highlights inflations stubbornness and AI investment uncertainties, making it challenging for the Fed to cut rates without risking higher inflation. The prospect of interest rate cuts seems less likely, with most investors expecting the Fed to keep rates steady.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.