Apollo CEO Marc Rowan: A soft landing for the economy has been achieved [Yahoo! Finance Canada]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance Canada
“I think we've had a soft landing,” Apollo Global Management ( APO ) CEO Marc Rowan told Yahoo Finance Live at the Milken Institute Global Conference on Monday. “Will it continue? I think so.” A soft landing for the economy is loosely defined as growth continuing — and recession averted — amid a series of interest rate hikes from the Federal Reserve. Although markets have had mixed response to economic as data of late, with investors debating the outlook for interest rates, the raw numbers underscore Rowan's views. ADVERTISEMENT The US economy expanded by 1.6% in the first quarter, the slowest pace in nearly two years — but it's still growing instead of contracting. The economy advanced by a 3.4% annualized rate in the final quarter of 2024. GDP growth for 2023 tallied a 2.5% annualized pace, defying calls for a mild recession at the start of the year by several Wall Street firms. "When rates have gone up 400 basis points and the wheels haven't come off the bus, as they s
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APO
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APO
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- 5/10/24 - Form 4
- APO's page on the SEC website