Apollo CEO Marc Rowan Sees ‘Non-Recession Recession’ as Rate Hikes Bite
- CEO says investors are adjusting from ‘decade of abnormality’
- Rowan speaks at event hosted by the Economic Club of New York
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Apollo Global Management Inc. Chief Executive Officer Marc Rowan sees the US having a “non-recession recession,” as financial markets feel some pain while the underlying economy remains strong.
Fixed income and equities markets have already adjusted, Rowan said Tuesday at an event hosted by the Economic Club of New York. Other areas, including real assets, have yet to fully price in the effects of rising interest rates.