Stagflation will derail one of the biggest drivers of the stock market rally next year, Apollo's top economist says

JOHANNES EISELE/AFP via Getty Images Stagflation is one of the biggest risks staring down the Fed in 2026, Apollo's Torsten Sløk says. The scenario, often thought to be the worst-case for the economy, entails slow growth and elevated inflation. That risk is one of the biggest obstacles to the Fed cutting rates next year, in Sløk's view. A top economist is back with a stagflation warning. Torsten Sløk, the chief economist at Apollo Global Management, said he believes stagflation is still one of the ...