U.S. growth powered by AI, reshoring, fiscal tailwinds, Apollo's Slok says—CNBC interview

Apollo Chief Economist Torsten Slok told CNBC the U.S. is uniquely positioned for stronger growth versus other developed economies due to three structural tailwinds: AI spending, industrial reshoring, and supportive fiscal policy. He warned that persistent (sticky) inflation could delay Federal Reserve rate cuts, keeping monetary policy tighter for longer and raising market uncertainty. Slok also highlighted generative AI’s role in boosting new business applications, which may offset some AI-driven job displacement. Market implications: a relative growth advantage for U.S. equities (particularly tech and industrial exposure to AI and reshoring) but continued sensitivity to inflation and Fed timing could amplify volatility and rate-sensitive sector risk.