Economic Stimulus Sparked $9 Trillion Stock Market Surge – How the Fed’s Easing Plans Backfire
New York, NY – The Federal Reserve is facing a challenging task of lowering rates amidst a more favorable financial environment created by its own actions, according to a leading economist. Apollo Chief Economist Torsten Sløk pointed to the Bloomberg US Financial Conditions Index, which indicates that credit across various markets is now more accessible and cost-effective than when the Fed initiated rate hikes in March 2022. Following a pivot in November, when Fed Chairman …