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Apollo Expert Predicts Fed Likely to Hold Rates Steady in November 👍🏻
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 Reserve’s 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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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 Reserve’s 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.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
