{"id":15230,"date":"2023-09-21T13:02:49","date_gmt":"2023-09-21T13:02:49","guid":{"rendered":"https:\/\/prosfunds.com\/news\/apollo-economist-warns-of-corporate-default-wave-due-to-high-interest-rates\/"},"modified":"2023-09-21T13:02:49","modified_gmt":"2023-09-21T13:02:49","slug":"apollo-economist-warns-of-corporate-default-wave-due-to-high-interest-rates","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=15230","title":{"rendered":"Apollo Economist Warns of Corporate Default Wave Due to High Interest Rates"},"content":{"rendered":"
\n

Apollo Global Management (NYSE:)’s lead economist, Torsten Slok, issued a warning on Wednesday about the potential exacerbation of the ongoing corporate default wave, should the Federal Reserve maintain high interest rates well into 2024. The cautionary note comes amid an alarming rise in capital costs observed by Slok’s team in their recent monthly outlook. <\/p>\n

The team identified that the Federal Reserve’s rate hikes are having an increasingly detrimental impact on companies, particularly those with weaker credit fundamentals. They highlighted that persistent high-interest rates could worsen the corporate default wave already in motion.<\/p>\n

The analysis suggests that if the current monetary policy continues, the economic landscape could become more challenging for businesses. The potential worsening of the default wave is a significant concern for corporations, given the already strained financial conditions. <\/p>\n

Slok’s team emphasized the need for close monitoring of these developments as they unfold, given their potential to significantly impact the broader economic landscape. The economist’s warning underscores the potential risks and challenges faced by corporations in a high-interest rate environment.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Apollo Global Management (NYSE:)’s lead economist, Torsten Slok, issued a warning on Wednesday about the potential exacerbation of the ongoing corporate default wave, should the Federal Reserve maintain high interest rates well into 2024. The cautionary note comes amid an alarming rise in capital costs observed by Slok’s team in their recent monthly outlook. The […]<\/p>\n","protected":false},"author":1,"featured_media":4735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-15230","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nApollo Economist Warns of Corporate Default Wave Due to High Interest Rates | Prosfunds<\/title>\n<meta name=\"description\" content=\"Apollo Global Management (NYSE:)'s lead economist, Torsten Slok, issued a warning on Wednesday about the potential exacerbation of the ongoing corporate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=15230\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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