Fed Rate Cuts Unlikely in 2024 Due to Rebounding Economy, Slok Says

Apollo Management Chief Economist Torsten Slok said the Fed will not cut rates in 2024 due to re-accelerating US economy and rising inflation
Slok pointed to jump in US growth expectations, easing financial conditions after December Fed pivot, tight labor market, and sticky wage inflation
Slok said data not slowing down and Fed pivot has given tailwind to economy, markets, and financial conditions
Slok joins Lawrence Summers and Citi strategists in seeing Fed keeping rates higher for longer or even hiking rates this year
Fed will be reluctant to hike rates this year, but inflation looking like it's becoming a problem again, Slok said