{"id":63707,"date":"2023-09-20T20:41:39","date_gmt":"2023-09-21T00:41:39","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/fed-hikes-are-biting-harder-and-harder-says-apollo-economist\/"},"modified":"2023-09-20T20:41:43","modified_gmt":"2023-09-21T00:41:43","slug":"fed-hikes-are-biting-harder-and-harder-says-apollo-economist","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63707","title":{"rendered":"\u2018Fed hikes are biting harder and harder,\u2019 says Apollo economist"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002525357\">\n<div class=\"snippet__body\">\n<p>A corporate default wave already taking hold would get worse if the Federal Reserve keeps interest rates high well into 2024, warned Torsten\u00a0Slok, chief economist at Apollo Global Management.<\/p>\n<p>\u201cThe bottom line is that the cost of capital has increased significantly, and Fed hikes are biting harder and harder, particularly for companies with weak credit fundamentals,\u201d Slok\u2019s team wrote in a monthly outlook Wednesday.<\/p>\n<p>Here\u2019s&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/fed-hikes-are-biting-harder-and-harder-says-apollo-economist-9cdb80a6?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A corporate default wave already taking hold would get worse if the Federal Reserve keeps interest rates high well into 2024, warned Torsten\u00a0Slok, chief economist at Apollo Global Management. \u201cThe bottom line is that the cost of capital has increased significantly, and Fed hikes are biting harder and harder, particularly for companies with weak credit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-63707","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018Fed hikes are biting harder and harder,\u2019 says Apollo economist | iFintechWorld<\/title>\n<meta name=\"description\" content=\"A corporate default wave already taking hold would get worse if the Federal Reserve keeps interest rates high well into 2024, warned Torsten\u00a0Slok, chief\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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