Virus, political risk rising as Fed takes stock of post-election landscape

By Reuters

Over the past four years the U.S. Federal Reserve has navigated a global trade war, absorbed verbal blows from a volatile president, and confronted a once-in-a-century pandemic. Indeed, as the Fed meets this week in the immediate shadow of Tuesday's election, some betting markets are forecasting as much as a 33% chance the race outcome won't be known by the time policymakers release their statement on Thursday afternoon. With markets priced for a clear Democratic Party victory along with an ambitious economic recovery program, anything short of that could touch off the sort of market disruption the Fed has tried to quell during the pandemic.

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Via:: Sports Headlines


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