Apollo CEO Marc Rowan: There's no need for another rate cut from the Federal Reserve
The economy may be in a place where more rate cuts from the Fed aren't needed. "Internally at Apollo, we do not think there's a need for a cut. There's nothing in the data that tells us that, but at the same time, I understand the decision," Apollo Global Management (APO) co-founder and CEO Marc Rowan exclusively told Yahoo Finance on Wednesday. Rowan spoke to Yahoo Finance moments before the Federal Reserve decided to cut rates by 25 basis points, the third cut of 2025. He noted that longer term, marke ...