Apollo Expert Predicts Fed Likely to Hold Rates Steady in November đđ»
Torsten Slok, Chief Economist at #Apollo Asset Management, stated in a report that due to consistently strong U.S. economic data, the Federal Reserve may refrain from cutting interest rates in the near term.
The Atlanta Federal Reserveâs forecast for third-quarter #GDP is currently 3.4%, indicating continued economic expansion. Slok noted that the economy is benefiting from factors such as dovish Fed policies, reduced uncertainty surrounding the upcoming #election , and easing geopolitical risks. He predicts that the Fed is more likely to hold rates steady in November rather than cut them.
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