Fed will keep rates elevated for 'quite some time', says Apollo Global's Slok

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Torsten Slok, Apollo Global partner and chief economist, joins 'Squawk on the Street' to discuss if the equity market is complacent about the debt ceiling, what the debt ceiling standoff will mean for rates and more.
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As a manufacturer...I plan FED at 6% at the end of the summer....and 8% next year....
In strait line with Torsten Slok

christianduval
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These aren't even elevated rates, these are normal low rates. What we were in before was extremely unusual.

Nolsie
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If so, then the bank failures will pick up pace.

JRRobwn
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God help us if home prices start rebounding here. Incidentally, away from the U.S. this is true for other developed economies, where the initial fall has started to bring about a rebound in home prices. Anyone who expects cuts this year may be disappointed.

thecountofmontecristo
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This marker is so stupid - a default will take us to ATH

AG-diuj
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Finally someone that is telling the truth.

joshh