Apollo’s Slok Says Today’s Calm Will Give Way to Harder Landing Later
There are cracks showing now, he says, so imagine what happens if joblessness creeps up
The US consumer price index and April retail sales — above: a Hibbett Sports store in Richmond, California — will be a one-two data punch for investors on Wednesday.
Photographer: David Paul Morris/BloombergWelcome to the Bloomberg Surveillance newsletter, a daily look at the best interviews and insights from Bloomberg Television's flagship morning show co-hosted by Jonathan Ferro, Annmarie Hordern and me. Sign up here if you’re not yet a subscriber.
Apollo Global Management’s Torsten Slok isn’t budging from his call of no Federal Reserve rate cuts this year.