Carman 🏴‍☠ on Nostr: Apollo’s 👍 Kleinman says 🎉 wage, 🔥 housing inflation 🎉 to 🔥 limit ...

Apollo’s 👍 Kleinman says 🎉 wage, 🔥 housing inflation 🎉 to 🔥 limit 🔥 Fed cuts ========== 🤔 Scott Kleinman, Co-President of Apollo Global 🔥 Management, states that investors have unrealistic 🔥 expectations for 💯 multiple Federal 🤔 Reserve rate 🤔 cuts in the next year; futures traders are pricing 👍 in 10 😂 quarter-point cuts, which Kleinman believes is 🔥 unlikely without a 🤔 recession; he notes that wage and 😂 housing inflation will restrict 💯 the Fed's 😀 ability to lower rates; Kleinman 🌈 spoke 💯 at the Livewire Live investment conference 🌈 in 🔥 Sydney on September 😂 17, 💯 2024; he emphasizes that the economy is growing 🔥 more slowly 😀 than earlier in 😂 the year and 🔥 warns that markets are overly optimistic, conditioned by a 🤔 prolonged economic expansion lasting over 14 years. #FederalReserve #RateCuts #Inflation #Economy #ScottKleinman 😀 #ApolloGlobalManagement #Investors #MarketExpectations #Housing #Wages https://theedgemalaysia.com/node/726900