Fed Likely To Maintain Interest Rates Amid Strong US Economy

According to Odaily, Apollo's Torsten Slok has indicated in a recent report that the Federal Reserve may not cut interest rates due to ongoing signs of a relatively strong U.S. economy. Slok highlighted that the Atlanta Federal Reserve's current GDP forecast for the third quarter stands at 3.4%, suggesting continued economic expansion. Slok attributes the economic resilience to several favorable factors, including a dovish Federal Reserve, the resolution of election uncertainties, and the easing of geopolitical risks. Considering these elements, Slok believes that the Federal Reserve is more likely to keep interest rates unchanged in November rather than opting for a rate cut.