US not out of the woods when it comes to inflation - risk the Fed is higher for longer

[forex4you]

US not out of the woods when it comes to inflation - risk the Fed is higher for longer

Apollo Global Management Chief Economist Torsten Slok says he expects interest rates to remain higher for the next several years.

He spoke with Bloomberg TV.

• "Maybe the Fed swung the pendulum too much in the dovish direction,"
• Fed pivot has eased financial conditions dramatically
• he pivot might actually be boosting the
  housing market, the labor market, services
  inflation, goods inflation ... we are not out
  of the woods when it comes to battling
  inflation
• the bottom will still be
  around 3.5 - 4% so one very
  important conclusion for asset
  allocation is that we are not going back
  to zero we have still higher for longer

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: US not out of the woods when it comes to inflation - risk the Fed is higher for longer

forexlive.com