In a report, Torsten Slok of the asset management firm Apollo stated that as data continues to show 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's forecast for third-quarter GDP is currently 3.4%, and the bottom line is the economy will continue to expand.' Slok believes the economy benefits from favorable factors, including a dovish Federal Reserve, the impending end of election uncertainty, and easing geopolitical risks. Slok said that considering these factors, the Federal Reserve is more likely to keep interest rates unchanged in November rather than cut them.