Why Is the Federal Reserve’s Meeting in November Scheduled a Day Later Than It Would Normally Be Held?
The question of politics hovers over the central bank’s decisions between now and the election on November 5.
Those of us who predicted last December that the Federal Reserve would lower its target interest rate before this year’s presidential election in November could well be proven right. In all likelihood, the Fed chairman, Jerome Powell, will announce at least a 25-basis point cut on September 18.
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