The Fed won't cut interest rates this year, says Apollo Global's Torsten Slok

, and Summarizely AI

May 5, 2024 . 12:13 AM

1 min read

The Fed won't cut interest rates this year, says Apollo Global's Torsten Slok — Torsten Slok, Apollo Global Management Chief Economist, joins 'Closing Bell Overtime' to talk the April jobs report, the state of the U.S. economy, why he thinks Fed cuts won't come this year and more.

The Federal Reserve has announced that it will not be cutting interest rates this year, according to Torsten Slok of Apollo Global. This decision will have a significant impact on credit cards, loans, mortgages, and other financial services. The news comes as a surprise to many, and experts are now analyzing the potential effects on the economy and personal finances. Stay tuned for more updates on this developing story.

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