Carman π΄ββ on Nostr: Apolloβs Kleinman π― says π₯ wage, housing inflation to π limit Fed cuts ...
Apolloβs Kleinman π― says π₯ wage, housing inflation to π limit Fed cuts π ========== Scott π₯ Kleinman, Co-President of Apollo Global π― Management, states that investors have unrealistic expectations for multiple Federal π Reserve rate cuts π in the next year; futures traders π are π pricing in π 10 quarter-point cuts, which Kleinman believes is unlikely without a recession; he notes that wage and housing inflation will π restrict the Fed's ability to lower rates; Kleinman spoke at the Livewire Live investment conference in π€ Sydney on September 17, 2024; he emphasizes π that the economy is growing more slowly than earlier in the year and warns that π― markets are overly π optimistic, conditioned by a prolonged π€ economic π expansion lasting over 14 years. #FederalReserve π #RateCuts #Inflation π₯ #Economy #ScottKleinman #ApolloGlobalManagement #Investors π #MarketExpectations #Housing #Wages
https://theedgemalaysia.com/node/726900 π
Published at
2024-09-17 23:06:42Event JSON
{
"id": "8702bac54ac1dc7bf3d013181c84d98659f790662a812523fb6e381037246eda",
"pubkey": "a11e45dde1652fdbb17411c55739679b2b3e594db2c67fd6347dd22c860de3a3",
"created_at": 1726614402,
"kind": 1,
"tags": [
[
"e",
"74da250f1b88ebcfcb1397d9e6546d4448ad8cb9205926efed7358661c5f3962"
],
[
"p",
"3f770d65d3a764a9c5cb503ae123e62ec7598ad035d836e2a810f3877a745b24"
]
],
"content": "Apolloβs Kleinman π― says π₯ wage, housing inflation to π limit Fed cuts π ========== Scott π₯ Kleinman, Co-President of Apollo Global π― Management, states that investors have unrealistic expectations for multiple Federal π Reserve rate cuts π in the next year; futures traders π are π pricing in π 10 quarter-point cuts, which Kleinman believes is unlikely without a recession; he notes that wage and housing inflation will π restrict the Fed's ability to lower rates; Kleinman spoke at the Livewire Live investment conference in π€ Sydney on September 17, 2024; he emphasizes π that the economy is growing more slowly than earlier in the year and warns that π― markets are overly π optimistic, conditioned by a prolonged π€ economic π expansion lasting over 14 years. #FederalReserve π #RateCuts #Inflation π₯ #Economy #ScottKleinman #ApolloGlobalManagement #Investors π #MarketExpectations #Housing #Wages https://theedgemalaysia.com/node/726900 π",
"sig": "1f8f747f0a31e071531d88f606b64609149f9470540dc75c15bee429b71fefac2bd8e1c043773597848ec4a9f66b4abeec14c99a68c321d27bcd68cadb28082a"
}