Asset management institutions: A strong economy may prevent the Federal Reserve from cutting interest rates in November

ChainCatcher news, Torsten Slok from the asset management firm Apollo stated in a report that, as data continues to show that the U.S. economy remains relatively strong, the Federal Reserve may change its course and not cut interest rates at all.

He said, "The Atlanta Federal Reserve Bank's forecast for third-quarter GDP is currently 3.4%, and the bottom line is that the economy will continue to expand." Slok believes that the economy benefits from favorable factors, including a dovish Federal Reserve, the impending end of election uncertainty, and easing geopolitical risks. Slok stated that considering these factors, the Federal Reserve is more likely to keep interest rates unchanged in November rather than cut them.