10 reasons the Fed won't cut rates in 2024, according to a chief economist
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Apollo chief economist Torsten Slok believes that the US Federal Reserve will not cut rates in 2024 due to several factors. These include higher inflation readings, a resilient job market, and easing financial conditions. Slok argues that the US economy is not slowing down and that the Fed pivot has provided a strong tailwind to growth. He offers 10 reasons to support his view, including the economy being too hot, underlying inflation trends moving higher, a hot labor market, small businesses planning to raise prices, increasing wages, rising rent and home prices, and easing financial conditions. Slok points to record-high debt issuance, rising IPO activity, and the stock market reaching new all-time highs as evidence of further economic strength ahead.

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https://www.businessinsider.com/fed-rate-cut-forecast-us-economy-outlook-inflation-torsten-slok-2024-3