Apollo's Rowan: Fed Cuts 'Unnecessary', Inflationary Forces at Play

Marc Rowan, co-founder of Apollo Global Management, disagrees with the Federal Reserves decision to cut interest rates, citing long-term market forces as inflationary. Despite six Fed members preferring no rate cut, Apollos Q3 results show a robust US economy, with earnings surpassing expectations and shares rising by 14% in the past month.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.