Markets Still Price In Fed Rate Hike This Year, Says Apollo Economist Torsten Slok

Bullish Gator

Apollo economist Torsten Slok discusses market trends, Fed outlook and implications for investors on CNBC’s ‘Squawk on the Street’.

Editorial companion

What stands out

Torsten Slok told CNBC markets are still pricing in a Federal Reserve rate hike later this year, a simple observation that bends a lot of risk appetite. For investors in asset managers like Apollo Global Management, Inc., that collective guess about rates matters because it moves credit spreads, fundraising incentives, and valuation marks before any committee vote. Slok’s role as Apollo’s partner and chief economist means this is not market gossip, it’s a strategist’s take worth noting.