Fed Rate Cuts in 2024 Unlikely Due to Strong Growth and Inflation: Apollo Economist

• Apollo Management's chief economist Torsten Slok believes the strong US economy and rising inflation will prevent the Fed from cutting rates in 2024.

• Slok points to higher growth expectations, easing financial conditions, a tight labor market, and sticky inflation as reasons the Fed will remain on hold.

• Slok argues the Fed's pivot has further boosted growth prospects and inflation risks.

• Bank of America strategists say it's likely the Fed will shift its 2024 projections for GDP and inflation higher at the March meeting.

• Slok joins Summers and Citi in arguing the Fed's next move could even be a rate hike rather than a cut amid stubborn inflation.