Apollo’s Zelter Sees Deglobalization Driving Rates Higher

Apollo Global Management Inc. expects US interest rates to be higher over the next 24 months than they have been in last decade or two as the shift away from globalization sparks inflation.

Technological advances led by artificial intelligence will then bring back deflation and lower rates in three to seven years, President Jim Zelter said in a Bloomberg Television interview in Hong Kong .

While the Trump administration’s policies are creating uncertainties, Apollo is ready to provide capital to companies and investors that are redefining their strategy amid shifts in trade patterns and supply chains, according to the executive ...