Apollo: Strong economy may prevent the Fed from cutting interest rates in November

Torsten Slok of asset management firm Apollo said in a Odaily that as data continues to show that the US economy is still relatively strong, the Federal Reserve may change course and not cut interest rates at all. He said: "The Atlanta Federal Reserve'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 has benefited from favorable factors, including a dovish Federal Reserve, the end of election uncertainty, and the easing of geopolitical risks. Taking these factors into consideration, Slok said that the Federal Reserve is more likely to keep interest rates unchanged in November rather than cut them. (Jinshi)