US not out of the woods when it comes to inflation – risk the Fed is higher for longer

Apollo Global Management Chief Economist Torsten Slok says he expects interest rates to remain higher for the next several years.

He spoke with Bloomberg TV.

  • “Maybe the Fed swung the pendulum too much in the dovish direction,”
  • Fed pivot has eased financial conditions dramatically
  • he pivot might actually be boosting the
    housing market, the labor market, services
    inflation, goods inflation … we are not out
    of the woods when it comes to battling
  • the bottom will still be
    around 3.5 – 4% so one very
    important conclusion for asset
    allocation is that we are not going back
    to zero we have still higher for longer

This article was written by Eamonn Sheridan at Source