TechFlow news, October 21 — According to Jinshi Data, Apollo asset management analyst Torsten Slok stated in a report that as data continues to show the U.S. economy remains relatively strong, the Federal Reserve might change course and refrain from cutting interest rates altogether.
"The Atlanta Federal Reserve's current forecast for third-quarter GDP stands at 3.4%, indicating the baseline scenario is continued economic expansion," said Slok.
Slok believes the economy is benefiting from favorable factors including a dovish Fed, the approaching end of election-related uncertainty, and easing geopolitical risks. Taking all these into account, the Fed is more likely to hold rates steady in November rather than cut them.
Add to Favorites
Share to Social Media
