Apollo Global Management's Co-President, Scott Kleinman, has expressed concerns over persistent inflation pressures, attributed not solely to policy changes by former U.S. President Trump. He emphasized global trends such as digital infrastructure development and decarbonization as factors establishing inflationary pressures.
Kleinman believes that inflation remains a significant challenge and cautioned against taking the Federal Reserve's assurances at face value. He stressed that society might need to adapt to a prolonged period of elevated interest rates.
Echoing previous remarks from Apollo's CEO, Marc Rowan, Kleinman noted that substantial interest rate cuts by the Federal Reserve could hinder efforts to control inflation effectively.
Investors are reminded that markets carry inherent risks and should conduct thorough assessments of their unique financial situations before making investment decisions.
