Key Takeaways
- • Apollo Chief Economist Torsten Slok says the US economy remains strong with no signs of a major slowdown heading into 2025, per a white paper published by Apollo Academy on December 12, 2024.
- • Slok expects interest rates to stay higher for longer on a relative basis, regardless of the Federal Reserve's easing campaign, because inflation remains above target and employment and spending are robust.
- • The consolidated outlook is detailed in the white paper "2025 Economic Outlook: Firing on All Cylinders," which Slok was scheduled to discuss in an Apollo Academy class on December 12 at 11:00 ET, eligible for CE credit.
Summary
Apollo Global Management's chief economist, Torsten Slok, outlined a constructive macroeconomic view for 2025 in a new white paper, "2025 Economic Outlook: Firing on All Cylinders," published through Apollo Academy on December 12, 2024. According to Slok, the US economy remains strong and shows no signs of a major slowdown as it moves into 2025.
The central call is that interest rates will remain higher for longer on a relative basis. Slok argues this holds regardless of the Federal Reserve's ongoing easing campaign, citing three conditions: inflation remaining above the Fed's target, strong employment, and robust consumer and business spending.
Slok was scheduled to present the paper's contents and his views in detail at an Apollo Academy class on December 12 at 11:00 ET, which was eligible for continuing education credit and was to be made available on demand afterward. The source material does not provide additional quantitative forecasts, such as GDP or rate projections, and the publication notes that its opinions are the speaker's current judgment and are subject to change without notice.
The central call is that interest rates will remain higher for longer on a relative basis. Slok argues this holds regardless of the Federal Reserve's ongoing easing campaign, citing three conditions: inflation remaining above the Fed's target, strong employment, and robust consumer and business spending.
Slok was scheduled to present the paper's contents and his views in detail at an Apollo Academy class on December 12 at 11:00 ET, which was eligible for continuing education credit and was to be made available on demand afterward. The source material does not provide additional quantitative forecasts, such as GDP or rate projections, and the publication notes that its opinions are the speaker's current judgment and are subject to change without notice.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.