Most prices in CPI inflation data rising faster than 3%: Apollo's Sløk [Yahoo! Finance]
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
Most prices in the inflation measure known as the consumer price index are rising well above the 2% long-run goal of the Federal Reserve, Torsten Sløk, chief economist at Apollo Global Management, said in an email. “Looking at annualized month-over-month growth rates shows that 55% of items in the CPI basket are growing faster than 3%,” Sl ø k said. “This is the reason why it is difficult for the Fed to cut interest rates in December,” Sl ø k said. The types of goods and services in the CPI span eight major categories, from transportation and medical care to apparel and housing. Dive Insigøht: Signs of division have cropped up among Fed officials prior to a scheduled meeting Dec. 9-10 to consider changing the federal funds rate, with some warning that reducing borrowing costs risks stoking inflation. Flagging a cooling labor market, the central bank on Oct. 29 trimmed the main interest rate by a quarter point to a range between 3.75% and 4% in its second rate reduction this
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APO
Earnings
- 11/4/25 - Beat
APO
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- APO's page on the SEC website