Elections or not, US Fed likely to stand pat on rates

The US Federal Reserve is to issue its next interest rate decision on November 2, 2016When the US Federal Reserve issues its next interest rate decision on Wednesday, the dawn of a bitterly fought presidential election day will be only 136 hours away. Trailing in opinion polls, Republican nominee Donald Trump has lambasted the central bank and accused it of artificially suppressing rates to help President Barack Obama — a charge Fed Chair Janet Yellen has emphatically denied. Most observers expect the Fed’s Federal Open Market Committee, which sets interest rate policy, to stand pat, seeing no pressing need to act, especially right before an election.

Share this article