BlockBeats News, October 21, asset management institution Apollo's Torsten Slok stated in a report that due to ongoing data showing the U.S. economy remains relatively strong, the Federal Reserve may change its course and not lower interest rates at all.

Torsten Slok stated, "The Atlanta Federal Reserve Bank's forecast for third-quarter GDP is currently 3.4%, the bottom line is that the economy will continue to expand."

Slok believes the economy benefits from favorable factors, including a dovish Federal Reserve, the impending resolution of election uncertainty, and easing geopolitical risks. Considering these factors, it is more likely that the Federal Reserve will maintain interest rates in November rather than lower them. (Golden Ten)