Markets Extend Rally Despite Concerns Over Persistent Inflation and Interest Rates

• Market indices move higher on Friday, continuing February's rally • Apollo Chief Economist Torsten Sløk predicts the Fed won't cut interest rates in 2024 • Sløk says rates will stay higher for longer due to stubborn inflation pressures
• Traders say the market continues to be "frothy" despite concerning macro picture • Reasoning is that the economy is re-accelerating, not slowing, reducing need for rate cuts