Fed is in holding pattern amid tense US election ...Qatar

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Fed is in holding pattern amid tense US election
The Federal Reserve’s policy setting committee meets this week at a turbulent time: One day after voters head to the polls in the deeply uncertain US presidential election. But the body pointedly keeps itself out of politics, and analysts expect the policy-setting Federal Open Markets Committee (FOMC) will do little to rock the boat at its two-day meeting beginning on Wednesday. The Fed already zeroed out borrowing rates and offered massive credit facilities amid the coronavirus downturn, recently expanding them to reach more firms and nonprofit organisations. “I think November’s meeting is too soon for there to be a dramatic break,” said David Wilcox, a former top economist at the Fed who

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