#A long road update

Investors should make an independent investigation of the information discussed during this presentation, including consulting their tax, legal, accounting or other advisors about such information. Statements made throughout this presentation are not intended to provide, and should not be relied upon for, accounting, legal or tax advice and do not constitute an investment recommendation or investment advice. There can be no assurance that any trends discussed during this presentation will continue.

#A long road update

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They do not necessarily reflect the views and opinions of Apollo and are subject to change at any time without notice. Opinions, estimates and projections constitute the current judgment of the speaker as of the date indicated. (together with its subsidiaries, “Apollo”).Īpollo makes no representation or warranty, expressed or implied, with respect to the accuracy, reasonableness, or completeness of any of the statements made during this presentation, including, but not limited to, statements obtained from third parties. This presentation may not be distributed, transmitted or otherwise communicated to others in whole or in part without the express consent of Apollo Global Management, Inc. We believe the Fed will keep rates high until inflation falls much closer to their target. We are not expecting to see a dovish pivot-it’s too early to declare victory when inflation continues to be so far from 2%. This week, we will receive the FOMC minutes from the last Fed meeting from which we will be looking for any signals about plans for future interest rate hikes. However, inflation still remains much higher than the Federal Reserve’s 2% target and we have a very long and bumpy road ahead of us to get there. There’s reason to be positive: we’re tracking several trends indicating that inflation is likely to continue to decline in upcoming quarters. Overall, it appears that inflation has finally peaked and is starting to come down, which has created optimism in markets. Headline CPI came in at 8.5%, lower than the 9.1% from the previous month. The most important development in markets last week was regarding Consumer Price Index (CPI) inflation.

The Weekly Brief is a short overview of the macroeconomic trends we’re tracking for investors, prospective clients, and market watchers by Apollo Chief Economist Torsten Slok. Retirement Services Business Update 2022.