This is not a soft landing, and reaccelerating growth will bring back a more hawkish Fed, economist says

• This is not a soft landing, and reaccelerating growth will bring back a more hawkish Fed, Apollo's chief economist said.
• While cyclical sectors have slowed, non-cyclical sectors have been strong, still fueled by post-Covid demand.
• "In short, the Fed is not done fighting inflation, and, as a result, it is too early to argue that this is a soft landing."

This economy doesn't look like it's going to keep a lid on bubbling growth, and it might just blemish the prospects of loosening monetary policy, Apollo Management's chief economist said.

The risk of a more hawkish Federal Reserve was highlighted Thursday with the latest consumer price data that showed inflation picked up by more than expected last month.