Fed has election jitters over interest rate hike

2 November 2016

Russ Mould, investment director at AJ Bell:

“The Fed has seemingly concluded that less than a week before a presidential election is not a sensible time to increase interest rates or indeed provide any concrete guidance on its thinking for December. 

“It has admitted that the case for a rate rise has ‘continued to strengthen’ but clearly wants to see the fallout from the election before it provides any firmer guidance or finally makes a decision almost a year on from its last decisive move.”

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