According to TechFlow, on October 21, according to Jinshi Data, Torsten Slok of asset management agency Apollo said in a report 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.

Torsten Slok 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, the Federal Reserve is more likely to keep interest rates unchanged in November rather than cut them.