Dec 5th, 2023

Market ‘Too Optimistic’ on Fed Cuts, Says Apollo’s Kleinman

Scott Kleinman, co-president at Apollo Management, says he would “personally bet against” interest rate cuts from the Federal Reserve next year and discusses the global deal environment, the firm’s outlook for 2024, and expectations for a “pretty sizeable correction” for the real estate market in general over the course of several years. He speaks with Francine Lacqua on the sidelines of the COP28 summit in Dubai.