Strong Economy Raises Rate Hike Risk
This is a news story, published by Yahoo Finance, that relates primarily to Torsten Sløk news.
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rate hikeFortune
•There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says
84% Informative
Apollo Global Management chief economist Torsten Sløk says the Fed may have to resort to rate hikes in 2025 .
The economy is so strong that the Commerce Department revised third-quarter growth higher this past week .
President-elect Donald Trump campaigned on tax cuts, higher tariffs, and an immigration crackdown, which are widely regarded as adding to inflationary pressures.
Others on Wall Street are seeing more hawkishness from the Fed next year .
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