"Wall Street Economist Predicts No Fed Rate Cuts in 2024"

Apollo Global's chief economist Torsten Sløk predicts that the Federal Reserve will not cut rates in 2024, citing a resurgence in growth and persistent inflation pressures. Sløk's forecast diverges from Wall Street peers who still anticipate rate cuts. He highlighted ten reasons for his prediction, including rising inflation measures, strong wage growth, and upward revisions in growth forecasts. Sløk expects the Fed to focus on combating inflation throughout the year.