Apollo’s Slok Sees Rising Chance Fed Will Hold Rates in November
- Fed may leave rates unchanged at November meeting, he says
- Swaps price less than a quarter-point Fed rate cut next month
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The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy powers ahead, according to Torsten Slok, chief economist at Apollo Management.
There are plenty of reasons for the robust US economy, in Slok’s view. A dovish Fed, elevated share and home prices, narrow credit spreads, as well as “wide open” corporate financing in both the public and private markets are just some of them.