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 www.forexlive.com. Source