Fed begins meeting as US vote yet to be decided

Washington (AFP) – The Federal Reserve’s rate-setting committee began meeting Wednesday, a spokesperson said, hours after polls closed in the US presidential election which remains undecided.The Federal Open Market Committee (FOMC) is not expected to address the election in its two-day regularly scheduled meeting, nor is it predicted to change interest rates that were slashed to near-zero earlier this year as the coronavirus pandemic ravaged the US economy.However analysts will be watching the committee’s statement and Fed Chair Jerome Powell’s press conference on Thursday to see if central ba…

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HEDGE accordingly